Assume that a GM car sells for $20,000 in the United States and that the exchange rate is $1 = 1.3 euros. For purchasing power parity to hold, the same car in Italy should sell for

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The Answer of Assume that a GM car sells for $20,000 in the United States and that the exchange rate is $1 = 1.3 euros. For purchasing power parity to hold, the same car in Italy should sell for

Assume That a GM Car Sells for $20,000 in the United