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blankship blankship
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A year ago
Scenario: The price of a given basket of goods in Country 1 is 10 karls. The price of the same basket of goods in Country 2 is 25 ritz and is $2 in the United States. Country 1 has an income per capita of 3,200 karls, and Country 2 has an income per capita of 5,500 ritz.


Refer to the scenario above. A basket of goods worth $1 in the United States has a price of ________ in Country 2.

▸ 50 ritz

▸ 25 ritz

▸ 320 ritz

▸ 12.5 ritz
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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yoorimchiyoorimchi
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