Multiple Choice
In 1980 the dollar to yen exchange rate was about $0.0045.In 2007 the yen to dollar exchange rate was about 121 yen per dollar.A Japanese producer would have had to increase the dollar price of a good sold in the U.S.by _____ to maintain the same yen price in 2007.
A) 83.7%
B) 79.5%
C) 65.4%
D) 59.3%
Correct Answer:
Verified
Correct Answer:
Verified
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