According to the relative purchasing-power parity theory,what is the percentage change in the exchange rate if the price for one unit of corn in the US is $10 in 2003 and $12 in 2004,and in the UK,₤15 in 2003 and ₤20 in 2004?
A) -14.7%
B) 13.3%
C) -13.3%
D) 10.5%
Correct Answer:
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