Question: QUESTION 28 5 points Save Answer Consider the two hypothetical economies with markets for 3 goods: Economy A (C) Economy B (W) Goods (units) Price

QUESTION 28 5 points Save Answer Consider the two hypothetical economies with markets for 3 goods: Economy A (C) Economy B (W) Goods (units) Price ( /unit) Goods (unit) Price (W/unit) 12 gold 500 400 gold 41,000 18 wheat 210 600 wheat 17,220 21 oil 300 700 oil 24,600 The current exchange rate is 82.00W/P Does absolute purchasing power parity hold? Show all necessary calculations to justify your answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px A E EE X' X2 STT The ABC X EXE (

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