A bundle of goods in japan costs yen3326500 while the same, Ask an Expert

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 ¥

United States $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304297

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