Answer:
4.5 and 3
Explanation:
We know that
Real exchange rate = Nominal exchange rate × (Cost of the basket in US ÷ Cost of the basket in Norway)
So according to this formula, the computation is shown below
When the nominal exchange rate is 3, then the real exchange rate would be
= 3 × (60 ÷ 40)
= 4.5
When the nominal exchange rate is 2, then the real exchange rate would be
= 2 × (60 ÷ 40)
= 3
Answer:
F
Explanation:
We all know that it's not true. Memory is not permanent... we don't recall everything forever.
A full learning process goes way beyond the simple memorization, our brain needs to have the knowledge put into practice over and over before we can actually remember it permanently and be able to find that information back in our mind upon request.
That's the use of the homework to be able to practice newly learned skills.
Answer:
The correct option is C,both A and B
Explanation:
A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.
A closed economy also assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.
Answer:
the Consumer Price Index is rising
Explanation:
The CPI measures the rate of inflation, which is one of the greatest threats to a healthy economy. Inflation eats away at your standard of living if your income doesn't keep pace with rising prices—your cost of living increases over time. A high inflation rate can hurt the economy.
