Question
f prices grew at a compound growth rate of 1% per annum in the United States and 0.08% per annum in Japan for the past
f prices grew at a compound growth rate of 1% per annum in the United States and 0.08% per annum in Japan for the past eight years, what exchange rate represents PPP today if the two currencies, eight years ago, were in parity and exchanged at a rate of JPY 109/USD? JPY 118.1/USD JPY 101.3/USD JPY 100.0/USD JPY 119.6/USD
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International Development And The Washington Consensus A Pluralist Perspective
Authors: John Marangos
1st Edition
042953485X, 9780429534850
