The table below shows hypothetical indexes for the price levels for Canada and the United States and hypothetical nominal exchange rates between their currencies (the Canadian-dollar price of 1 U.S.dollar) . 
TABLE 34-2 Refer to Table 34-2.The value of Canada's purchasing power parity (PPP) exchange rate in 2017 was
A) 131/125 = 1.048.
B) 125/131 = 0.954.
C) 1.00,the actual exchange rate that year.
D) (131 × 125) /100 = 163.75.
E) 131,the price level in Canada that year.
Correct Answer:
Verified
Q145: If a basket of goods costs $1000
Q146: Q147: What is the main argument of the Q148: The world price of oil fell dramatically Q149: Prior to the onset of the global Q150: A flexible exchange rate _ the impact Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
