Purchasing Power Parity, Macroeconomics

Assume that a Mazda 2 sells for 16,000 Australian dollars in Australia and 10,000 Canadian dollars in Canada If purchasing-power parity holds, what is the Canadian dollar/Australian dollar exchange rate? How many Australian dollars will a Canadian dollar buy?
Posted Date: 10/1/2012 4:38:03 AM | Location : United States

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