Question: 7. Preblem 17-03 (Purchasing Power Parity) Purchasing Power Parity A computer costs $630 in the United States. The same model costs 6620 in france. If

7. Preblem 17-03 (Purchasing Power Parity) Purchasing Power Parity A computer costs $630 in the United States. The same model costs 6620 in france. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermedicte calculations, Round your answer to two decimal places. 1euro=5 If euros sell for $1.50 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to four decimal places. euros per dollar

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