Assume that $1 can buy you either ¥108 or £.55.If a TV in London costs £555,what will that identical TV cost in Tokyo if absolute purchasing power parity exists?
A) ¥35,255.45
B) ¥32,967.00
C) ¥97,273.33
D) ¥98,008.18
E) ¥108,981.82
Correct Answer:
Verified
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