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 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 The forecast of the spot rate for Japanese yen/U.S. dollar in one year is $. (Round to two decimal places.) 11/17/21, 1:51 AM Data Table The table below contains economic, financial, and business indicators from 2015: Unemployment Rate Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Gross Domestic Product Production Forecast Forecast Latest Qtr Qtr 2015e 2016e Recent Qtr 4.3% 3.8 % 4.1 % 3.5 % 4.6 % 1.6% -1.2 % 2.0 % 1.9 % 4.3 % 1.9 % 3.8 % 2.0 % 2.2 % 1.9 % Country Latest Australia 4.2 % 3.8 % Japan United States 4.7 % Consumer Prices Interest Rates Forecast 3-month Year Ago Latest 2015e Country Australia Latest 6.90 % 1-yr Govt Latest 6.23 % 4.0 % 2.1 % 2.4 % 0.0 % Japan 0.9 % -0.2 % 0.73 % 1.65 % United States 2.1 % 2.8 % 2.8 % 4.72 % 4.54 % Trade Balance Current Account Current Units (per US$) Last 12 mos Last 12 mos (billion $) Country (billion $) Forecast 15 (% of GDP) -5.7 % Oct 17th Year Ago Australia -13.0 -47.0 1.33 1.12 117.00 Japan 98.1 119.00 197.5 -793.2 4.6 % -5.6 % United States -810.7 1.00 1.00 Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts. . https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=612921036&questionId=1&flushed=false&cid=6748855&centerwin=yes 1/2