The nominal exchange rate (NER) is given by:
NER = RER × (foreign price / US price)
= 3/4 × ( 6 / 3)
= 3/2
In fact, with 1$ you can buy 1/3 of a US gallon, which corresponds to 1/4 of a foreigner gallon, which you would pay 3/2units.
Hence, the correct answer is a) <span>3/2 units of country A's currency per dollar.</span>
Answer:
136.35
Step-by-step explanation:
Answer:
r = 21 cm
Step-by-step explanation:
The radius of a circle is 1/2 of the diameter
r = 1/2d
r = 1/2(42)
r = 21 cm
Answer:
10/6=5
Step-by-step explanation:
2x5 2x3
Cookie sales: 12 weeks divided by 2 weeks = 6 weeks x $360 = $2,160
Car wash: 12 weeks divided by 3 weeks = 4 weeks x $450 = $1,800
Recycling: 12 weeks divided by 4 weeks = 3 weeks x $600 = $1,800
Yard work: 12 weeks divided by 2/5 weeks = 30 x $80 = $2,400
