Question
What is the nominal appreciation/depreciation rate of USD? (2 points) (2) What is the real appreciation/depreciation rate of USD? (4 points) (3) Do you expect
- What is the nominal appreciation/depreciation rate of USD? (2 points)
(2) What is the real appreciation/depreciation rate of USD? (4 points)
(3) Do you expect the exports of the US to Argentina would increase or decrease in 2009 compared to 2008? Explain. (2 points)
- What is the nominal appreciation/depreciation rate of USD? (2 points)
(2) What is the real appreciation/depreciation rate of USD? (4 points)
(3) Do you expect the exports of the US to Argentina would increase or decrease in 2009 compared to 2008? Explain. (2 points)
1. Assume you know the following exchange rates between USD and ARS (Argentina peso), and the price level (measured by CPI) in the US and Argentina. Year Exchange rate CPI in the US ARS 3.89/USD 118.67 ARS 3.95/USD 2008 2009 120.11 CPI in Argentina 135.44 186.21 +
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
