Harmony Sanford

History

18 July, 13:45

The nominal exchange rate is. 80 euros per U. S. dollar and a basket of goods in France costs 1,000 euros whilethe same basket costs $800 in the U. S. The nominal exchange rate is 1.2 Australian dollars per U. S. dollarand a basket of goods in Australia costs 960 Australian dollars while the same basket costs $800 in the U. S ... Which country has purchasing-power parity with the U. S.?

a. both France and Australia

b. France but not Australia

c. Australia but not France

d. neither France nor Australia