A basket of goods cost $100 in the U.S. and £65 in the United Kingdom. If purchasing
power parity holds, what is the dollar-pound exchange rate?

Name: A basket of goods cost $100 in the U.S. and £65 in the United Kingdom. If purchasing power parity holds, what is the dollar-pound exchange rate?
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The Answer of A basket of goods cost $100 in the U.S. and £65 in the United Kingdom. If purchasing
power parity holds, what is the dollar-pound exchange rate?

A Basket of Goods Cost $100 in the U