Qualification > Commerce
economics mcqs
MAF:
how did u solve may june 02 question 28? its a purchasing power parity question.....and novemberber question is a ppp question as well.....
A representative basket of goods costs 2500$ in the US. the same basket costs 2000 POUNDS in the uk. WHAT CAN BE DEDUCED FROM THIS?
a- the sterling is 25% over valued
b-the sterling is 20% under valued
c- the ppp exchange rate is 0.80 to 1$
d- the ppp exchange rate is 1.25 to 1$
Freaked12:
--- Quote from: MAF on June 03, 2010, 08:05:12 pm ---how did u solve may june 02 question 28? its a purchasing power parity question.....and novemberber question is a ppp question as well.....
A representative basket of goods costs 2500$ in the US. the same basket costs 2000 POUNDS in the uk. WHAT CAN BE DEDUCED FROM THIS?
a- the sterling is 25% over valued
b-the sterling is 20% under valued
c- the ppp exchange rate is 0.80 to 1$
d- the ppp exchange rate is 1.25 to 1$
--- End quote ---
In my paper the question 28 states Which of the following other things being equal.....
is this wrong?
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