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partygirl4u59 partygirl4u59
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3 weeks ago
Purchasing Power Parity

A manicure costs $26 in the United States and 48 yuan in China. If the exchange rate is 6.2 yuan per dollar, purchasing power parity predicts that the dollar cost of a manicure in China should be ________.

▸ $7.74

▸ $161.20

▸ $4.19

▸ $1.85
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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KP20131KP20131
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3 weeks ago
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More solutions for this book are available here
$7.74

The solution is calculated as: cost of manicure in China / exchange rate.
1

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