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If the Real Exchange Rate (RER) of India with respect to certa | INSIGHT DELHI

If the Real Exchange Rate (RER) of India with respect to certain goods of USA is greater than one, it means that:
Anonymous Quiz
29%
(a) Those goods are cheaper in India
34%
(b) Those goods are cheaper in USA
27%
(c) No valuable comparison can be made without taking GDP (PPP) into account
10%
(d) No valuable comparison can be made without taking inflation into account
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