with explanation PLEASE!! Refer to Table 18-2. For which country(ies) in the tab

Question

with explanation PLEASE!!

Refer to Table 18-2. For which country(ies) in the table does purchasing-power parity hold? Bolivia and Japan Bolivia and Morocco Japan and Morocco Norway and Thailand Refer to Table 18-2. Which currency(ies) is(are) less valuable than predicted by the doctrine of purchasing-power parity? boloviano and dinar yen and kroner baht and kroner baht Refer to Table 18-2. Which currency(ies) is(are) more valuable than predicted by the doctrine of purchasing-power parity? boloviano and dinar yen, kroner, and baht yen and kroner baht Refer to Table 18-2. In real terms, U.S. goods are more expensive than goods in which country(ies)? Bolovia and Morocco b Japan, Norway, and Thailand Japan and Norway Thailand Refer to Table 18-2. In real terms, U.S. goods are less expensive than goods in which country(ies)? Bolivia and Morocco Japan, Norway, and Thailand japan and Norway Thailand

Explanation / Answer

a) Bolivia and Morocco

PPP = exchange rate*price level(index)

d) baht

7000 < 40*200

c) yen and croner

20000 > 80*200

15000 > 6.5*200

d) Thailand

as the country price index < Purchasing Power Parity calculated by the Doctrine of Purchasing Power Parity

c) Japan and Norway

as the country price index > Purchasing Power Parity calculated by the Doctrine of Purchasing Power Parity

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