Q5. The following table displays (fictional) quantities of final goods produced and prices in the U.S. and Argentina in 2021. U.S. Argentina Good Quantity Price Quantity Price Tradable 10 5 50 Nontradable 20 15 8 100 U.S. prices are expressed in dollars and Argentina prices in pesos. The typical basket of goods in both countries includes 1 unit of tradable goods and 2 units of nontradable goods. Tradable goods are freely traded internationally. For this type of good PPP holds. 1. Calculate the market exchange rate, expressed as the dollar price of one peso. 2. Calculate the price levels in the U.S. and Argentina, expressed in dollars and pesce, respectively. 3. What is the dollar/peso real exchange rate? In which country is it cheaper to live? 4. Calculate GDP in the U.S. and Argentina at market prices. According to this measure, how big is Argentina relative to the U.S.? 5. Calculate the PPP exchange rate. 6. Calculate GDP at PPP prices