The average price for a 16" pepperoni pizza in the U.S. Is USD 10. The average price for a similar pizza in Ukraine is UAH 28. The nominal exchange rate is UAH 28 to USD 1. From the U.S. perspective, what is the real exchange rate for pizza between the U.S. and Ukraine? In other words, how many 16" pepperoni pizzas can you afford in Ukraine for what it costs to buy a similar pizza in the U.S.? (Show all work for full credit.)

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