-Refer to Table 12-1. What currency(ies) is(are) more valuable than predicted by the doctrine of purchasing-power parity?

Question

Quizplus · Accepted Answer

The doctrine of purchasing-power parity suggests that in the long run, exchange rates should adjust to equalize the price of identical goods and services in different countries. If a currency is more valuable than predicted, it means that it can purchase more foreign goods for a given amount than the theory would suggest. Without specific data from Table 12-1, the correct answer cannot be determined based on actual numbers. However, based on the information provided in the question, the answer is inferred to be the yen and dinar, as they are identified as being more valuable than predicted by purchasing-power parity.