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What does the Purchasing Power Parity theory of exchange rates predict will be the exchange rate in this situation. Price of table in England is

What does the Purchasing Power Parity theory of exchange rates predict will be the exchange rate in this situation. Price of table in England is 20 pounds. Price of identical table in America is $60. Group of answer choices 80 pounds per $1. 0.33 pounds per $1. 40 pounds per $1. 3 pounds per $1.The highest marginal tax rate the United States has had on the richest people was close to what percent? Hint -this was the legal tax rate during World War II and through the 1950s. Group of answer choices 90%. 0%. 50%. 20%

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