What was the inflation rate for the uk

Reference no: EM133504455

Question: Suppose that the exchange rate between the US and UK is 2 $/£ in 2020 and 1.98 $/£ in 2021. (The percentage change in exchange rate is 1%).

a) If the US inflation rate was 1.5%, then what was the inflation rate for the UK according to purchasing power parity (PPP)?

Reference no: EM133504455

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