QUESTION 11 An avocado costs 2 dollars in Miami and 6,000 pesos in Bogota. How many...
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QUESTION 11 An avocado costs 2 dollars in Miami and 6,000 pesos in Bogota. How many pesos can be purchased with 1 dollar IF purchasing power parity holds? Enter your answer using whole numbers. Do not enter, units, decimals, or commas. QUESTION 12 Referring to the information provided above in Q#11, if inflation increases the price of an avocado 3% in the US and 6% in Colombia, what is the new amount of pesos that can be purchased with 1 dollar IF purchasing power parity continues? Enter your answer using whole numbers. Do not enter units, decimals, or commas. Round up if the first decimal place is 5 or higher. QUESTION 11 An avocado costs 2 dollars in Miami and 6,000 pesos in Bogota. How many pesos can be purchased with 1 dollar IF purchasing power parity holds? Enter your answer using whole numbers. Do not enter, units, decimals, or commas. QUESTION 12 Referring to the information provided above in Q#11, if inflation increases the price of an avocado 3% in the US and 6% in Colombia, what is the new amount of pesos that can be purchased with 1 dollar IF purchasing power parity continues? Enter your answer using whole numbers. Do not enter units, decimals, or commas. Round up if the first decimal place is 5 or higher.
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solving this using Purchasing Power Parity PPP Question 11 According to PPP if the price of a basket ... View the full answer
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