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

question 10

Multiple Choice

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?

• A)-14.7%
• B)13.3%
• C)-13.3%
• D)10.5%

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Definitions:

Nondirectional Research Hypothesis

A hypothesis that predicts a relationship or effect but does not specify the direction of the relationship.

Directional Research Hypothesis

A hypothesis that indicates the anticipated direction of the difference or relationship among variables.

Null Hypothesis

A type of hypothesis used in statistics that proposes that no statistical significance exists in a set of given observations.

Research Hypothesis

A specific, testable prediction about the expected outcome of a study.