Question: Considering the given information in the table, calculate the expected (1-year) spot rate between USD and AUD (Australian Dollar) under PPP. CPI = Consumer

Considering the given information in the table, calculate the expected (1-year) spot

Considering the given information in the table, calculate the expected (1-year) spot rate between USD and AUD (Australian Dollar) under PPP. CPI = Consumer Price Index. Make sure you use the precise calculation, not the approximate one. AUD1.5291. AUD1.5500. AUD1.5712. AUD1.6389. AUD1.5723. Current US CPI Current Australia CPI Expected (1-year) US CPI Expected (1-year) Australia CPI Sport rate 116 121 122 129 AUD1.55/USD

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