Purchasing Power Parity Forecasts. Use the table containing economic, financial, and business indicators to answer the following questions. Assuming purchasing power parity, and assuming that the forecasted change in consumer prices is a good proxy of predicted inflation, forecast the following exchange rates: a. Japanese yen/U.S. dollar in one year b. Japanese yen/Australian dollar in one year c. Australian dollar U.S. doilar in one year Assuming purchasing power parity, and assuming that the forecasted change in consumer prices is a good proxy of predicted inflation, forecast the following exchange rates: Japanese yen U.S. dollar in one year The forecast of the spot rate for Japanese yon U.S. dolar in one year is lys. (Round to two decimal places) Data Table Purch Durch a. Jag b. Jad c. Au ange Assur rates Unemployment Rate a. Jap The table below contains economic, financial, and business indicators from 2015: Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Gross Domestic Product Production Forecast Forecast Country Latest atr Qtr 2015e 2016e Recent Qtr Australia 4.3% 3.8 % 4.1% 3.5 % 4.6 % Japan 1.6% -12% 20% 1.9% 4.3% United States 1.9% 3.8 % 20% 2.2% 1.9% The id Latest 4.2% 3.8% 4.7% Consumer Prices Interest Rates 3-month 1-yr Govt Latest Latest Latest Country Australia Japan United States Year Ago 4,0% 0.9% 2.1% 2.1% -0.2% 28 % Forecast 20150 24% 0.0 % 2.8% 6.90 % 0.73% 4.72% 6.23% 1.65 % 4.54 % Print Done