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Whilst on holiday in Agobial purchase 10 items from a supermarket at a cost of 24.81 Agobian dollars. I notice that I could buy identical

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Whilst on holiday in Agobial purchase 10 items from a supermarket at a cost of 24.81 Agobian dollars. I notice that I could buy identical goods at home for a cost of 15.48 pounds. Assuming absolute purchasing power parity, what PPP exchange rate does this imply between pounds and Agobian dollars? of Select one: a. One pound buys 1.603 Agobian dollars b. One pound buys 1.000 Agobian dollar c. One Agobian dollar buys 1.603 pounds d. One pound buys 0.624 Agobian dollars e. One pound buys 9.330 Agobian dollars

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