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Scenario: the Price of an IPhone 5s in the United

Question 4

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Scenario: The price of an iPhone 5s in the United States is $399. The table below lists the income per capita and the price of the same iPhone in the domestic currencies of four different countries in 2014.
Scenario: The price of an iPhone 5s in the United States is $399. The table below lists the income per capita and the price of the same iPhone in the domestic currencies of four different countries in 2014. -Refer to the scenario above.What is the PPP-based exchange rate between the currency of Country 1 and the U.S.dollar? A) 2.5 units of Country 1's currency for $1 B) 0.4 units of Country 1's currency for $1 C) 1 unit of Country 1's currency for $2.50 D) 1.2 units of Country 1's currency for $1
-Refer to the scenario above.What is the PPP-based exchange rate between the currency of Country 1 and the U.S.dollar?


A) 2.5 units of Country 1's currency for $1
B) 0.4 units of Country 1's currency for $1
C) 1 unit of Country 1's currency for $2.50
D) 1.2 units of Country 1's currency for $1

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