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If purchasing power parity is true and the spot exchange rate between the United States dollar and the British pound is $ 1 . 5
If purchasing power parity is true and the spot exchange rate between the United States dollar and the British pound is $ per British pound, how much should an item which costs British pounds cost in the United States?
If purchasing power parity is true and the spot exchange rate between the United States dollar and the British pound is $ per British pound, how much should an item which costs British pounds cost in the United States?
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