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Author Topic: economics mcqs  (Read 3591 times)

Offline MAF

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Re: economics mcqs
« Reply #30 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$
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Freaked12

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Re: economics mcqs
« Reply #31 on: June 03, 2010, 08:08:05 pm »
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$
In my paper the question 28 states Which of the following other things being equal.....
is this wrong?
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