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Suppose that the price level in Taiwan is 38,000 New Taiwan Dollars (TWD) per Taiwanese consumption bundle, and the price level in Mexico is 20,000

Suppose that the price level in Taiwan is 38,000 New Taiwan Dollars (TWD) per Taiwanese consumption bundle, and the price level in Mexico is 20,000 Mexican Pesos (MXN) per Mex- ican consumption bundle. The spot exchange rate on February 16, 2024 is TWD 1.84/MXN. What is the internal and external purchasing power of MXN 300,000

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