Treat the country listed as the home country

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Use the table that follows to anwser this question. Treat the country listed as the home country, and treat the United States as the foreign country. Suppose the cost of the market basket in the United States is P(US)=$190. Check to see whether PPP holds for each of the countries listed, and determine whether we should expect a real appreacition or real depreciation for each country(relative to the United States) in the Long run. For the anwser, create a table similar to the one shown and fill in the blank cells(Hint: Use a spreadsheet application such as Excel)

Reference no: EM131244554

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