Answered: A car costs $30,000 in the United…

A car costs $30,000 in the United States and 3,300,000 yen in Japan. The exchange rate is $1 = 102 yen. The purchasing power parity of the dollar isyen. (Enter your response as a whole number.)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 12E

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A car costs $30,000 in the United States and 3,300,000 yen in Japan. The exchange rate is $1 = 102 yen.
The purchasing power parity of the dollar is
yen. (Enter your response as a whole number.)

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