Purchasing power parity (PPP)
February 13th, 2023
Hockey skates sell in Canada for $105 Canadian dollars. Currently, 1 Canadian dollar equals 0.74 U.S. dollar. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?
$64.79
$71.10
$74.55
$77.70
$87.15