Question: how do u measure whats more expensive less expenisve using the real echange rate, e.g RER between Canada and China is 0.54 RER = 5

how do u measure whats more expensive less expenisve using the real echange rate, e.g RER between Canada and China is 0.54 RER = 5 yuan * 3000 CAD/28000 yuan, how would u find the RER of China relative to Canada and then compare the echnage rate s

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