19:48 Exit Question 5 5 pts a) Suppose we define a basked of goods as 1...
19:48 Exit Question 5 5 pts a) Suppose we define a basked of goods as 1 basketball, 2 pair of sneakers, 1 basketball hoop, and 2 gallons of Gatorade. What is the purchasing power parity between Celtic City and Golden State (PPP CelticCity:GoldenState)? Golden Celtic City Goods State (in (in $) R) 1 5.00 3.00 Basketball 1 Pair of 2.00 2.50 Sneakers 1 Basketball 20.00 Hoop 1 Gallon of 3.50 5.00 Gatorade b) If the GDP of Golden State is R18,000; what is the PPP-adjusted value of Golden State's GDP (in $)? 9.00 12pt Paragraph BIU