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Currently, a bundle of goods in Japan costs 3,012,000 while the same goods and services cost $27,200 in the United States. If, over the next
Currently, a bundle of goods in Japan costs 3,012,000 while the same goods and services cost $27,200 in the United States. If, over the next year, inflation is 6 percent in Japan and 3 percent in the United States, what will be the implied exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g., 32.1616)) Implied exchange rate in 1 year is $ _________ / 1
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