Problem
Exchange rates and purchasing power parity should be the same between countries. If it costs $300 to purchase an iPod in United States and 400 Australian dollars in Sydney, then the exchange rate between Australia and the United States should be 4:3. Why might purchasing power parity be different from the exchange rate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.