If Delsey suitcase costs $40 in the United States and 14360 in Japan, what is the estimated exchange rate of the yen per dollar if absolute purchasing power parity condition holds true?
at is the…
If Delsey suitcase costs $40 in the United States and 14360 in Japan, what is the estimated exchange rate of the yen per dollar if absolute purchasing power parity condition holds true? A. $ 1 Y109 B. X1 = $0.0091 C. X174,400 = $1 D. $109 = 1
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