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How would you feel about emigrating to the fictitious country of Belgravia where the average monthly salary is 25,000 (300,000 per annum)? Before making your

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How would you feel about emigrating to the fictitious country of Belgravia where the average monthly salary is 25,000 (300,000 per annum)? Before making your decision, consider the following: a) Suppose: $1.00 (CAD) = 1.50 What are your thoughts of moving after seeing this? b) Now suppose the following: 10 Average Lunch Meal 0 Average Home Price $500,000 2,000,000 Average Car Price $50,000 175,000 Does your answer change once you've seen this table? Use the real exchange rate formula to justify your answer. (this is where you earn your mark on this question)

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