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Canada and United States are close trading partners and maintain similar basket of goods and services for computation of Consumer Price Index(CPI). The current value

Canada and United States are close trading partners and maintain similar basket of goods and services for computation of Consumer Price Index(CPI). The current value of the Canadian basket is CAD 128 and the value of American basket is USD 94. What is the approximate Purchasing Power Parity? CAD 1.3705 CAD 1.3617 CAD 0.7344 cannot calculate

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