A U.S. consumer observes that a golf club costs $300. Currently in the spot market, 1 euro can be exhanged for $1.3602. If purchasing power parity (PPP) holds, how many euros should you expect to pay for the same golf club in Europe? Question 2 A toaster set sells for 2,000 U.S. dollars. In the spot market, $1=110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same toaster set in Japan