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Use the table that follows to anwser this question. Treat the country listed as the home country, and treat the United States as the foreign country. Suppose the cost of the market basket in the United States is P(US)=$190. Check to see whether PPP holds for each of the countries listed, and determine whether we should expect a real appreacition or real depreciation for each country (relative to the United States) in the Long run. For the anwser, create a table similar to the one shown and fill in the blank cells(Hint: Use a spreadsheet application such as Excel)
Table:
Country Per$, Price of Market Basket(inFX) Price of U.S Basket in FX Real Exchange rate Does PPP Hold? Is FX Currency Is FX Currency (currency measured in FX units) Efx/$ (Pus times Efx/$) Qcountry/us (yes/no) overvalued or Expected to Have Undervalued? real Appreciation or Depreciation
Brazil(real) 2.1893 520
India(rupee) 46.6672 12000
Mexico(peso) 11.0131 1800
South Africa(rand) 6.9294 800
Zimbabwe(Z$) 101,347 400,000,0
The BB&T Bank offers to pay 2% per year, annually compounded interest on savings deposit. The Wells Fargo Bank pays 2% per year, quarterly compounded interest. A man who has $10000 to put in a savings account will leave all money in the account for 2..
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 c. Determine the equilibrium values for real GDP (Y), the real interest rate (r), pr..
Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the? right, but the supply curve shifts more than the demand curve.
Assume that labor supply and labor demand are described by the following equation -labor supply: L=5w -labor demand: L=110-0.5w where w=wage expressed in dollars per hour, and L(s) and L(d) are expressed in millions of workers. find the equilibrium w..
If a country desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Elucidate pros and cons associated with this case.
For a “normal” good, the income and substitution effects are not opposing forces. That is, for a “normal” good, the substitution and income effects of an increase in the price will both cause a reduction in the quantity purchased. Assuming both types..
q1. arc-bot technologies manufacturers of six-axis electric servo-driven robots has experienced the cash flows blow in
Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".
What is the dollar value of the deadweight loss when output level Q2 is being produced? What is the total surplus when output level Q2 is being produced?
A change in which of the following is least likely to cause a shift of the consumption function?
Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calculate the equilibrium wage and employment if the market is free.
Discuss the individual firm's Marginal Cost, Averaged Cost and Average Variable Cost functions, and use this to calculate industry supply.
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