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If a good costs $200 in the U.S. and the exact same good costs 140 in Europe, what is the implied purchasing power parity value
If a good costs $200 in the U.S. and the exact same good costs 140 in Europe, what is the implied purchasing power parity value of the U.S. dollar?
A. $.70
B. $1.43
C. 1.43
D. none
E. .70
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