What will the goods cost next year

Reference no: EM131951176

Question: A bundle of goods in Japan costs ¥4,235,000 while the same goods and services cost $31,200 in the United States.

a. If purchasing power parity holds, what is the current exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g., 32.1616)) Current exchange rate $ per yen

b. If, over the next year, inflation is 8 percent in Japan and 7 percent in the United States, what will the goods cost next year? Cost of Goods Japan ¥ United States $

Reference no: EM131951176

Questions Cloud

How can you explain one journal article : How can you explain one journal article/ newspaper article/report/ statistical report/news/internet clippingsby using/applying concepts/theories.

Degrees of freedom for hypothesis test : The government would like to test the hypothesis that the average hourly wage for men is more than $2.00 higher than the average hourly wage for women.

Write an if-else statement that output word warning provided : Write an if-else statement that outputs the word Warning provided that either the value of the variable temperature is greater than or equal to 100.

Write an if-else statement that outputs word passed provided : Write an if-else statement that outputs the word Passed provided value of variable exam is greater than or equal to 60 and also the value of variable programs.

What will the goods cost next year : If, over the next year, inflation is 8 percent in Japan and 7 percent in the United States, what will the goods cost next year?

What type of sociological research design method : What type of sociological research design method that recognizes patterns of behavior would you use to study academic dishonesty?

Write an if-else statement that outputs the word solvent : Write an if-else statement that outputs the word Solvent, decreases the value of savings by value of expenses, and sets the value of expenses to zero provided.

Masters of project management : How do you define quality on a project? Which tools and techniques do you think are a necessity for planning a project's quality management?

Determining the business plan of a company : Business management homework: determining the business plan of a company. In this study you must compose a thorough 5 page document about an existing business.

User Account

All Pages