Gven the above information that the us cpi 235 uk cpi , Business Economics

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Gven the above information that the us cpi 235 uk cpi

Given the above information that the US CPI = 235, UK CPI = 215, and the current nominal exchange rate = .85 pound per dollar, what does the Theory of Purchasing Power Parity predict the nominal exchange rate to adjust to? Enter your answer in pound(s) per dollar rounded to two decimal places.

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Business Economics: Gven the above information that the us cpi 235 uk cpi

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Business Economics: Gven the above information that the us cpi 235 uk cpi

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