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If a Basket of Goods and Services Costing $100 in the U.S

Question 128

Multiple Choice

If a basket of goods and services costing $100 in the U.S. costs 20,000 yen in Japan, then the purchasing power parity exchange rate is _____ per dollar.


A) 50 yen
B) 100 yen
C) 150 yen
D) 175 yen
E) 200 yen

Correct Answer:

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