Question: 1 Explain the difference between currency devaluation and currency depreciation. What's a major benefit for a nation to devalue its currency? 2 Switzerland population is

1 Explain the difference between currency devaluation and currency depreciation. What's a major benefit for a nation to devalue its currency?

2 Switzerland population is 8,455,804. Its GDP is 617 billion in local currency, the Swiss Franc which is worth $1.10(or 1 U.S. dollar is 0.91 Swiss Franc). Calculate Switzerland GDP in US Dollar. What's GDP per capitain US Dollar? In your opinion and in comparison to other countries, what does this GDP per capita indicate? Show all work.

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