Calculate the purchasing power parity exchange rate

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Reference no: EM131378520

Consider three countries Hungary, Mexico and the United States, which sell identical t-shirts. If the price of the t-shirt is 500 forint, 20 pesos and US$2.

Calculate The purchasing power parity exchange rate between

(i) Mexico and the U.S.

(ii) Hungary and the U.S.

Reference no: EM131378520

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