If a Starbucks vanilla latte costs $5 in Seattle and 4 euros in Paris, what must the exchange rate be if purchasing power parity holds?

a) 4 euros per dollar

b) 0.80 euros per dollar

c) 1.25 euros per dollar

d) 20 euros per dollar

Cross references should be prepared for business names when

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g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.

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