I think question 7 contains an error. I’d like to know from others if you agree. The problem states that the ratio of UK vs US price levels are 1.2 to 1. Based on the answers, shouldn’t this ratio be reversed?
(bump)
I think question 7 contains an error. I’d like to know from others if you agree. The problem states that the ratio of UK vs US price levels are 1.2 to 1. Based on the answers, shouldn’t this ratio be reversed?
(bump)