11/17/21, 2:00 AM Data Table The table below contains economic, financial, and business indicators from 2015: Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Unemployment Gross Domestic Product Production Rate Forecast Forecast Country Latest Qtr Qtr 2015e 2016e Recent Qtr Latest Australia 4.1 % 3.7 % 4.8 % 3.3 % 4.5 % 4.5 % Jаpan 2.3 % -1.5 % 2.3 % 2.1 % 4.8 % 3.6 % United States 2.2 % 3.7 % 2.3 % 2.6 % 2.3 % 4.6 % Consumer Prices Interest Rates Forecast 3-month 1-yr Govt Country Year Ago Latest 2015e Latest Latest Australia 4.5 % 2.1 % 2.3 % 6.85 % 6.28 % Japan 0.8 % -0.4 % 0.0 % 0.69 % 1.65 % United States 2.9 % 2.8 % 2.9 % 4.74 % 4.54 % Trade Balance Current Account Current Units (per US$) Last 12 moS Last 12 mos Forecast 15 Country (billion $) (billion $) (% of GDP) Oct 17th Year Ago Australia -12.9 -46.5 -5.6 % 1.11 1.37 Japan 98.6 197.9 4.4 % 115.00 121.00 United States -810.7 -793.9 -5.6 % 1.00 1.00 Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts. https://mylab.pearson.com/Student/PlayerTest.aspx?testId=236290968¢erwin=yes 1/2 Purchasing Power Parity Forecasts. Use the table Assuming purchasing power parity, and assuming that the forecasted change in consumer prices is a good proxy of predicted inflation, forecast the following exchange rates: a. Japanese yen/U.S. dollar in one year b. Japanese yen/Australian dollar in one year c. Australian dollar/U.S. dollar in one year |containing economic, financial, and business indicators to answer the following questions. Assuming purchasing power parity, and assuming that the forecasted change in consumer prices is a good proxy of predicted inflation, forecast the following exchange rates: a. Japanese yen/U.S. dollar in one year The forecast of the spot rate for Japanese yen/U.S. dollar in one year is Y/s. (Round to two decimal places.) b. Japanese yen/Australian dollar in one year The forecast of the cross rate for Japanese yen/Australian dollar in one year is ¥A$. (Round to two decimal places.) c. Australian dollar/U.S. dollar in one year The forecast of the spot rate for Australian dollar/U.S. dollar in one year is A$ $. (Round to four decimal places.)