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According to the Relative Purchasing-Power Parity Theory,what Is the Percentage

question 10

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According to the relative purchasing-power parity theory,what is the percentage change in the exchange rate if the price for one unit of corn in the US is $10 in 2003 and $12 in 2004,and in the UK,₤15 in 2003 and ₤20 in 2004?


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