A gift you want to buy costs $119 in Canada.Assume purchasing power parity exists and you can exchange $1 for Can$1.14 or you can exchange ¥119.2 for $1.How much will the same gift cost in Japan?

Name: A gift you want to buy costs $119 in Canada.Assume purchasing power parity exists and you can exchange $1 for Can$1.14 or you can exchange ¥119.2 for $1.How much will the same gift cost in Japan?
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Quizplus · Accepted Answer

P_Jap= Can$119($1 / Can$1.14)(¥119.2 / $1)= ¥12,443

A Gift You Want to Buy Costs $119 in Canada