Gasoline cost 1C$/liter in Canada and 0.8 US$/liter in US. Exchange rate of C$ is 0.9 [Archive]

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lopapa123

Apr 8, 2011, 10:43 AM

Macroeconomics helppp

lopapa123

Apr 8, 2011, 10:47 AM

Sorry this is the whole question:

Gasoline cost 1C$/liter in Canada and 0.8 US$/liter in US. Exchange rate of C$ is 0.9 US$/C$. What is real exchange rate of Canadian goods? Where would you prefer to buy gasoline from?