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Use the hypothetical information in the following table to answer the questions below ...

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Accounting

Use the hypothetical information in the following table to answer the questions below

Country Currency Currency per US Dollar US Price Index Country Price Index Real Exchange Rate (E) Currency per US Dollar (PPP holds)
Canada Real 1.20 200 240
Japan Yen 88 200 25,000
China Yuan 6.80 200 700

Calculate real exchange rates (E) for Canada, Japan, & China in the above table

1. Real Exchange Rates (E) for Canada ________

2. Real Exchange Rates (E) for Japan ________

3. Real Exchange Rates (E) for China ________

4. Currency per USD (if PPP holds) for Canada _________

5. Currency per USD (if PPP holds) for Japan_________

6. Currency per USD (if PPP holds) for China_________

7. For which currency does the PPP hold ______

8 Which currency is less valuable than predicted _______

9. which currency is more valuable than predicted. _____

10. In real terms the US goods are more expensive than goods in which country? ______

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