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Problem 22-3If a pound of U.S. pork cost 40 rupiah in Indonesia be.pdf
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Problem 22-3If a pound of U.S. pork cost 40 rupiah in Indonesia be.pdf

  1. Problem 22-3 If a pound of U.S. pork cost 40 rupiah in Indonesia before the Asian crisis, how much did it cost when the dollar value of the rupiah fell by 80 percent? Instructions: Enter your response as a whole number. ______________ rupiah Solution 1 Pound of US pork = 40 rupiah Let us assume 1 Pound of US pork = $1 Using the Purchasing Power Parity, exchange rate between US dollar and Rupiah = Cost of 1 Pound of US pork (USD)
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