Question: [MUST SHOW WORK] Suppose Purchasing Power Parity (PPP) depends only on bagels. In Canada, a basket of bagels costs C$300, and the exchange rate is

[MUST SHOW WORK] Suppose Purchasing Power Parity (PPP) depends only on bagels. In Canada, a basket of bagels costs C$300, and the exchange rate is C$1.50 = US$1.00. According to PPP, the price of this basket in the US should be ________. Question 31Select one: A. US$ 100. B. C$ 300. C. C$ 250. D. US$ 150. E. US$ 200

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