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(Table: Exchange Rates and Prices) Suppose a Computer Costs $500

Question 96

Multiple Choice

(Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. If PPP were to hold at the given nominal exchange rate, then the price of a computer in South Africa would be _____ rands. (Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. If PPP were to hold at the given nominal exchange rate, then the price of a computer in South Africa would be _____ rands. A) 4,000 B) 40 C) 800 D) 8,000


A) 4,000
B) 40
C) 800
D) 8,000

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