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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 37
You can purchase a laptop in Mexico City for 12,960 Mexican pesos. If the exchange rate is 10 Mexican pesos per U.S. dollar and if purchasing power parity prevails, at what price can you buy an identical computer in Dallas, Texas?
Explanation
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Purchasing power parity:
Purchasing pow...
Macroeconomics 11th Edition by Michael Parkin
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