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Assume a basket of goods costs $2,000 in the U.S. and the same basked of goods cots 1,800 in the Eurozone. According the Absolut PPP,
Assume a basket of goods costs $2,000 in the U.S. and the same basked of goods cots 1,800 in the Eurozone. According the Absolut PPP, calculate the U.S. dollar/Euro exchange rate. O $1.11/ None of the answers are correct 1.11/$ $.907 O $3.6/
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