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Assume That the Dollar Price of a Basket of Goods

Question 118

Multiple Choice

Assume that the dollar price of a basket of goods in the United States is $4 and the rupee price of the same basket is 200 rupees.In addition,the dollar price of the same basket of goods in India is $20.Given this information,the rupee price of the basket in India will be ________.


A) 5 rupees
B) 200 rupees
C) 1,000 rupees
D) 1,200 rupees

Correct Answer:

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