MGEC61H3 Chapter 15: Chapter 15 Notes
94 views15 pages
19 Dec 2010
School
Department
Course
Professor
Get access
Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Related Documents
Related Questions
The price of an iPhone 5s in the U.S. is $399. The table below lists the income per capita and prices of the same iPhone in four different countries in 2014 in their own currencies.
What is the purchasing power parity based on the exchange rate between the two currencies?
Country
|
Income per capita
|
iPhone price
|
Country 1
|
15,600 units
|
999 units
|
Country 2
|
34,500 units
|
2,300 units
|
Country 3
|
22,670 units
|
10,500 units
|
Country 4
|
20,000 units
|
1,900 units
|