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NYC NYC
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8 years ago
A Big Mac costs $3 in the United States and 400 yen in Japan. The purchasing power parity theory would predict that the exchange rate in the long run is:
A) 1 yen = $0.03.
B) $1 = 75 yen.
C) $1 = 125 yen.
D) $1 = 133.33 yen.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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