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ues- 3. Use the table that follows to answer this tion. Treat the country listed as the home country, and treat the United States as
ues- 3. Use the table that follows to answer this tion. Treat the country listed as the home country, and treat the United States as the foreign country. Suppose the cost of the mar- ket basket in the United States is Pus $190. Check to see whether PPP holds for each of the countries listed, and determine whether we should expect a real appreciation or real depre- ciation for each country (relative to the United States) in the long run. For the answer, create a table similar to the one shown and fill in the blank cells. (Hint: Use a spreadsheet applica- tion such as Excel.)
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