Suppose in the year 2010 (where price level is 100), the Japanese yen and Indian rupee exchange rate (¥/rupee) is 0.54. If the price level in 2013 stands at ¥105 and 110 rupees in Japan and India...


Suppose in the year 2010 (where price level is 100), the Japanese yen and Indian rupee exchange rate (¥/rupee) is 0.54. If the price level in 2013 stands at ¥105 and 110 rupees in Japan and India respectively, what will be the exchange rate in 2013, based on the PPP?

Nov 18, 2021
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