Answered: A book costs 25$, the exchange rate is…

A book costs 25$, the exchange rate is 1$=0.5 pounds. The same book cost 12 pounds in the UK. What is the purchasing power parity of the pounds?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter34: International Finance

Section: Chapter Questions

Problem 5WNG

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A book costs 25$, the exchange rate is 1$=0.5 pounds. The same book cost 12 pounds in the UK. What is the purchasing power parity of the pounds?

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