A market basket of goods and services costs $90 in the United States. Buying the same group of goods and services in the Philippines would require $110 to be exchanged for Philippine pesos. What is the real exchange rate of the U.S. dollar in this situation?

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The Answer of A market basket of goods and services costs $90 in the United States. Buying the same group of goods and services in the Philippines would require $110 to be exchanged for Philippine pesos. What is the real exchange rate of the U.S. dollar in this situation?

A Market Basket of Goods and Services Costs $90 in the United