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-Refer to Table 12

Question 99

Multiple Choice

-Refer to Table 12.2. Assume the exchange rate is fixed at 100 yen = $1 and that price changes for cars are identical to the inflation rate in each country. If a U.S. car is sold to Japanese importers for $10,000 in year 1, what is its price in year 2? A) $9,800 B) $8,000 C) $10,200 D) $12,000 E) $10,000
-Refer to Table 12.2. Assume the exchange rate is fixed at 100 yen = $1 and that price changes for cars are identical to the inflation rate in each country. If a U.S. car is sold to Japanese importers for $10,000 in year 1, what is its price in year 2?


A) $9,800
B) $8,000
C) $10,200
D) $12,000
E) $10,000

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