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NISA [10]
3 years ago
12

Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*

for Country Y for various years is as follows: Year: 2010; nominal exchange rate: 0.58; P=1.88; P* =3.8. Year 2011; nominal exchange rate: 0.79; P=2.06; P*=3.88. Year: 2012; nominal exchange rate:0.95; P=2.16; P*=3.95. Year 2013; nominal exchange rate 1.13; P=2.22; P*=4.3. Assuming C1 is the domestic currency and the previous year is the base year, find the year in which the real exchange rate appreciation is greatest and calculate the percentage increase.
a)The Year=( )and percentage increase=?

b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to (?)

c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a (?) rate of inflation compared to Country X

d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is (?) in the real exchange rate.
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:

Explanation:

a)  

Year             percentage increase

2011               21.21162

2012       14.35054

2013       20.62696

b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to;   Decline

c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X  

d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.

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Answer:

The employer will be held liable.

Explanation:

If the external agent brings harm or injury to a third party in the course of an employment, the employer is held liable. When a principal directs an agent to commit for a tort or if the principal is aware of the consequences of carrying the instructions of the agent could cause harm or injure the person, then the principal is liable.

It is called direct liability.

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The agent is personally liable under the following circumstances :

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Example :

A credit card company hires a sales person and offers a company van to make sales in that area. The sales person uses the office van to official purposes. But one night, he drove the car to a friend's party and while coming he drove over a pedestrian. In this case, the owner of the company will not be held liable as the sales person uses the company van for his personal use while going out for party with his friends. While causing the accident, the sales person was not not using the office van for official purposes and was not tendering official duties at that time.

3 0
3 years ago
On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $45,000. Alan made the appropriate year-end
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Answer:

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Explanation:

The journal entry is given below:

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