In 1980 the dollar-yen exchange rate was about $.0045. In 2017 the yen-dollar exchange rate was about 91 yen per dollar. A Japanese producer would have had to increase the dollar price of a good sold in the United States by approximately ________ to maintain the same yen price in 2017.
A) 144%
B) 79.5%
C) 265.4%
D) 36%
Correct Answer:
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