www. L Question 5 Assume that in the Base period nominal exchange rate = $1.50/. The Prices of U.S. goods had risen by 8% while the Prices of U.K. goods had risen by 4%. What should be the ppp based spot rate?

Question 5 Assume that in the Base period nominal exchange rate =$1.50/. The Prices of U.S. goods had risen by 8% while the Prices of U.K. goods had risen by 4%. What should be the ppp based spot rate? Question 5 Assume that in the Base period nominal exchange rate =$1.50/. The Prices of U.S. goods had risen by 8% while the Prices of U.K. goods had risen by 4%. What should be the ppp based spot rate