Use the (hypothetical) information in the following table to answer the following questions. Country Currency Currency per
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Question:
Use the (hypothetical) information in the following table to answer the following questions.
Country | Currency | Currency per U.S. Dollar | U.S. Price Index | Country Price Index |
Britain | Pound | .6 | 200 | 120 |
Germany | Euro | .80 | 200 | 200 |
Japan | Yen | 100 | 200 | 18000 |
Saudi Arabia | Riyal | 4 | 200 | 900 |
Venezuela | Bolivar | 6 | 200 | 1200 |
For which country(ies) in the table does purchasing-power-parity with the U.S. hold?
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