Assume That $1 Can Buy You Either *108 Or $\le$ 55If a TV in London Costs

question 9

Multiple Choice

Assume that $1 can buy you either *108 or $\le$ .55.If a TV in London costs $\le$ 525,what will that identical TV cost in Tokyo if absolute purchasing power parity exists?

• A)(*95,255)
• B)(*96,667)
• C)(*97,273)
• D)(*98,008)
• E)(*103,091)

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Definitions:

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