A bundle of goods in Japan costs 3,326,500 while the same goods and services cost...
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Finance
A bundle of goods in Japan costs 3,326,500 while the same goods and services cost $34,000 in the United States. a. If purchasing power parity holds, what is the current exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g., 32.1616)) Current exchange rate $ per yen b. If, over the next year, inflation is 9 percent in Japan and 5 percent in the United States, what will the goods cost next year? Cost of Goods Japan
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