According to Purchasing-Power Parity,if the Same Basket of Goods Costs

question 25

Multiple Choice

According to purchasing-power parity,if the same basket of goods costs $100 in the U.S.and 50 pounds in Britain,then what is the nominal exchange rate?

• A)2 pounds per dollar
• B)1 pound per dollar
• C)1/2 pound per dollar
• D)None of the above is correct

---

Definitions:

Neural Agenesis

The absence or failure in the development of nerve cells (neurons).

Degeneration

The process by which tissues deteriorate over time, often due to disease, disorder, or aging.

Temporal Lobe

A region of the brain located beneath the Sylvian fissure on both cerebral hemispheres, responsible for processing auditory information and encoding memory.

Frontal Lobe

The frontal lobe is a region of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.