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Calculate the real foreign-USD rate using the nominal FX rates. a) Living in the United States is, on average, twice as expensive as living in

Calculate the real foreign-USD rate using the nominal FX rates.

a) Living in the United States is, on average, twice as expensive as living in Mexico.

20.213 MXN/USD

b) The cost of living in Japan is 95 percent the cost of living in the United States.

104.07 JPY/USD

c) Prices in Sweden are about 22 percent higher than prices in the United States.

8.3448 SEK/USD

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