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How to calculate the exchange rate in terms of PPP? Assume that the spot exchange rate of the British pound is $1.73.How will this spot

How to calculate the exchange rate in terms of PPP?

Assume that the spot exchange rate of the British pound is $1.73.How will this spot rate adjust according to PPP if the United Kingdom experiences an inflation rate of 7 percent while the United States experiences an inflation rate of 2 percent?

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