According to the theory of Purchasing Power Parity, what is the equilibrium nominal exchange rate between the U.S. dollar and the British pound (
{
(
:e^(**)((£)/($)))
} in this case? What would the real exchange rate between the U.S. and the U.K. be in that case?

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According to the theory of Purchasing Power Parity, what is the equilibrium nominal exchange rate between the U.S. dollar and the British pound (

{

(

:e^(**)((£)/($)))

} in this case? What would the real exchange rate between the U.S. and the U.K. be in that case?

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