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Suppose that a particular car costs $68,571.43 in the US. If the current exchange rate is 1.05 euros per dollar, the same car should cost

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Suppose that a particular car costs $68,571.43 in the US. If the current exchange rate is 1.05 euros per dollar, the same car should cost 72,000 euros (rounded to the nearest whole euro) in Germany according to absolute PPP. True False

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