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A U.S. consumer observes that a golf club costs $400. purchasing power parity (PPP) holds, how many euros should you expect to pay for the

A U.S. consumer observes that a golf club costs $400. purchasing power parity (PPP) holds, how many euros should you expect to pay for the same golf club in Europe? Currently in the spot market, 1 euro can be exchanged for $1.3702. If purchasing power parity (PPP) holds, how many euros you expect to pay for the same golf club in Europe

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