Answer:
4.5 and 9
Explanation:
Basket of goods in US=$72.00
Basket of goods in Mexico=224.00 pesos
Nominal exchange rate= 14.00 pesos per dollar
Real Exchange Rate = (Nominal Exchange Rate x Price of the Foreign Basket) / Price of the Domestic Basket
=(14.00 pesos ×$72.00) / 224.00 pesos
=1,008/224.00
=4.5
Nominal exchange rate increased from 14.00pesos per dollar to 28.00 pesos per dollar
Real Exchange Rate = (Nominal Exchange Rate x Price of the Foreign Basket) / Price of the Domestic Basket
=(28.00×$72.00)/224.00 pesos
=2,016/224
=9
Consider a basket of consumer goods. The basket of goods costs $72.00 in the United States. The same basket of goods costs 224.00 pesos in Mexico. The nominal exchange rate is 14.00 pesos per dollar. The real exchange rate between U.S. and Mexican baskets of goods is 4.5 baskets of Mexican goods per basket of U.S. goods. Now suppose the nominal exchange rate increases from 14.00 pesos per dollar to 28.00 pesos per dollar. If the prices of the basket remain unchanged in both the United States and Mexico, the real exchange rate between the U.S. and Mexican baskets of goods will 9 to baskets of Mexican goods per basket of U.S. goods.
Answer:
e of the case studies in the textbook, Jerry Harkanell worked as an administrative
continued to alter his timesheets until he was finally caught. How was his scheme detected
Answer: HMO: Primary Care Physician, In network only
PPO: Referral requirements, Out of network doctors
Explanation:
Answer:
The correct answer is letter "D": annually.
Explanation:
The trial balance is a worksheet where all the balances of all the accounts are listed where the sum of all debits must equal the sum of all credits. The trial balance is an accuracy check reflecting the transactions in the general ledger were recorded correctly.
The post-closing trial balance lists the permanent account balances that the company has to transfer for the next accounting period. Both the trial balance and the post-closing trial balance are reported once a year before preparing the company's financial statements.
Answer:
Graphs show the relationship between 2 variables. A graph is used to condense numeral information making patterns clearer. Using graphs makes data readable for economists.
