Multiple Choice
The television you want to buy costs $1,419 in Canada. If absolute purchasing power parity exists, the identical television will cost _____ in Germany if the exchange rate is 1 EUR = $1.2026.
A) 1,180 EUR
B) 1,267 EUR
C) 1,667 EUR
D) 1,706 EUR
E) 1,723 EUR
Correct Answer:
Verified
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