Question: please answer estion 47 The nominal exchange rate between the Lebanese pound (LP) and the UAE dirham (AED) is 0.002AED/LP. The price of gasoline in

please answer

estion 47 The nominal exchange rate between the Lebanese pound (LP) and the UAE dirham (AED) is 0.002AED/LP. The price of gasoline in Lebanon of 1,500 LP per paton while the price of gasoline in the UAE of 4 AED per gallon. It Lebanon is the foreign country, the real exchange rate is purchasing-power to courtin the nominal exchange rate between the Lebanese pound and the UAE dirham should be .a.0.75 gallons of gasoline in Lebanon per gallon of gasoline in the UAE; 0.002 AED per LP O b. 1.33 gallons of gasoline in the UAE per gallon of gasoline in Lebanon; 0.002 LP per AED Oc 0.75 gallons of gasoline in the UAE per gallon of gasoline in Lebanon; 375 LP per AED Od.1.33 gallons of gasoline in Lebanon per gallon of gasoline in the UAE: 375 LP per AED

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