Assume $1 Can Buy You Either ¥113

question 95

Multiple Choice

Assume $1 can buy you either ¥113.25 or £.7708. If a TV in London costs £995, what will that identical TV cost in Tokyo if absolute purchasing power parity exists?

• A) ¥86,857
• B) ¥60,554
• C) ¥146,191
• D) ¥161,855
• E) ¥163,542

---

Definitions:

Sign Code

A system of symbols and signs, often governed by rules, used for communication, such as in traffic signs or in the use of sign language.

Gastrojejunal Ulcer

An ulcer occurring at the junction of the stomach and the jejunum (the second part of the small intestine).

Hemorrhaging

Excessive bleeding, internally or externally, from the vascular system.

Obstruction

A blockage or impediment that prevents normal flow or movement within a bodily structure, such as intestines or blood vessels.