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From the base price level of 1 0 0 in 1 9 7 9 , Saudi Arabian and U . S . price levels in
From the base price level of in Saudi Arabian and US price levels in stood at and respectively. Assume the $riyal exchange rate was $riyal Suggestion: Using purchasing power parity, adjust the exchange rate to compensate for inflation. That is determine the relative rate of inflation between the United States and Saudi Arabia and multiply this times $riyal of
What should the exchange rate be in Do not round intermediate calculations. Round your answer to decimal places.
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