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Could you please provide the answers for all the blanks? Thank you! Take a Test - Mohammad Hamza Navid - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=209674339¢erwin=yes ECON

Could you please provide the answers for all the blanks? Thank you!

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Take a Test - Mohammad Hamza Navid - Google Chrome X mathxl.com/Student/PlayerTest.aspx?testld=209674339¢erwin=yes ECON 2410 Winter 2020 (1) Mohammad Hamza Navid & | 04/12/20 10:46 PM Quiz: MyEcon Lab Quiz 5 Submit Quiz This Question: 1 pt 7 of 10 (10 complete) This Quiz: 10 pts possible Assume that the average consumer in Mexico and the average consumer in the United States buy the quantities and pay the prices indicated in the following table: Food Transportation Services Price Quantity Price Quantity Mexico 7 pesos 100 19 pesos 260 United States $1.25 900 $2.75 2,000 Suppose that 1 dollar is worth 9 pesos. Compute Mexico's consumption per capita in dollars. Mexico's consumption per capita in dollars is $ . (Round your response to the nearest penny.) Using the purchasing power parity method and U.S. prices, compute Mexican consumption per capita in dollars. Mexican consumption per capita in dollars is $ . (Round your response to the nearest penny.) Under the exchange rate method, the Mexican standard of living relative to the United States is . (Round your response to four decimal places.) Under the purchasing power parity method, the Mexican standard of living relative to the United States is . (Round your response to four decimal places.) The relative standard of living for Mexico is the same regardless of which method is used. O A. True O B. False Click to select your answer(s). ? Type here to search O EF Pr W ENG 10:47 PM US 2020-04-12

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