Question: i need help solving this please 4. The price and average per capita consumption per year of a food-bundle and transportation of the same quality

 i need help solving this please 4. The price and average

i need help solving this please

per capita consumption per year of a food-bundle and transportation of the

4. The price and average per capita consumption per year of a food-bundle and transportation of the same quality in Russia and US are Food-bundle Transportation P Q P Q Russia 40,000 rubles 300,000 rubles 1/15 The US $10,000 $10,000 a) Compute Russia and US per capita consumption in rubles and dollars, respectively. b) Assuming $1= 30 rubles exchange rate, convert Russia's per capita consumption from rubles to dollars. c) Using PPP, i.e., the same prices in the two countries, and US prices, first compute Russia's per capita consumption in rubles and then convert it to dollars. d) In both b) and c), compute Russia's standard of living as a percentage of US standard of living. What do you conclude

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