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A bundle of goods in Japan costs Yen 2,520,000 while the same goods and services cost $34,000 in the Unites States. If purchasing power parity
A bundle of goods in Japan costs Yen 2,520,000 while the same goods and services cost $34,000 in the Unites States. If purchasing power parity holds, what is the current exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g., 32.1616)) Current exchange rate $ per yen If, over the next year, inflation is 10 percent in Japan and 8 percent in the United States, what will the goods cost next year? Will the dollar depreciate or appreciate relative to the yen over this time period? Appreciate Depreciated
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