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. dollar in one year - X Data table The table below contains economic, financial, and business indicators from 2015: , , : Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Unemployment Rate Production Gross Domestic Product Forecast Forecast Country Latest Qtr Qtr 2015e 2016e Recent Qtr Latest Australia 4.8 % 4.2 % 4.5 % 3.5 % 4.5 % 4.5 % Hea Japan 1.7% -1.4 % 2.2 % 1.8% 4.3% 3.9% United States 2.3 % 3.5 % 2.2 % 2.8 % 1.9% 4.8% Consumer Prices Interest Rates Forecast 3-month 1-yr Govt Latest Country Year Ago Latest 2015e Latest Australia 4.1 % 2.3 % 2.2 % 6.89 % 6.21 % Japan 0.8% -0.5% 0.0 % 0.53% 1.69% United States 2.7% 2.2 % 2.9% 4.74% 4.58% Trade A Check answer 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. dollar in one year - X Data table The table below contains economic, financial, and business indicators from 2015: , , : Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Unemployment Rate Production Gross Domestic Product Forecast Forecast Country Latest Qtr Qtr 2015e 2016e Recent Qtr Latest Australia 4.8 % 4.2 % 4.5 % 3.5 % 4.5 % 4.5 % Hea Japan 1.7% -1.4 % 2.2 % 1.8% 4.3% 3.9% United States 2.3 % 3.5 % 2.2 % 2.8 % 1.9% 4.8% Consumer Prices Interest Rates Forecast 3-month 1-yr Govt Latest Country Year Ago Latest 2015e Latest Australia 4.1 % 2.3 % 2.2 % 6.89 % 6.21 % Japan 0.8% -0.5% 0.0 % 0.53% 1.69% United States 2.7% 2.2 % 2.9% 4.74% 4.58% Trade A Check