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A hamburger costs $8 in the United States and ¥960 in Japan. The nominal exchange rate is ¥110 per dollar. The inflation rates in the United States and in Japan are 2% and 4%, respectively. The purchasing power parity is _____ per dollar.
Upscale Running Gear
refers to high-quality, often expensive, running attire and equipment designed for serious or professional athletes seeking performance improvement.
Prestige Product
High-quality goods that are sold at a high price, often seen as status symbols, and used to convey a sense of exclusivity or luxury.
Hermès
A French luxury goods manufacturer known for its high-quality leather goods, lifestyle accessories, perfumery, and ready-to-wear.
Luxury Goods
High-quality products or services that are perceived as prestigious and are typically sold at a higher price than average goods.
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