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QUESTION
In 1980 the dollar to yen exchange rate was about $0. In 2007 the yen to dollar exchange rate was about 121 yen per dollar.
In 1980 the dollar to yen exchange rate was about $0.0045. In 2007 the yen to dollar exchange rate was about 121 yen per dollar. A Japanese producer would have had to increase the dollar price of a good sold in the U.S. by _____ to maintain the same yen price in 2007. A. 83.7%B. 79.5%C. 65.4%D. 59.3%
