Consider a simple economy that produces three products: X, Y and Z. Use the information in...

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Consider a simple economy that produces three products: X, Y and Z. Use the information in the following table to calculate the real GDP growth rate for 2020. (5 Points) Product X Y Z Quantity (2019) 8 15 18 Base Year Price (2019) $1.00 $4.00 $2.00 Quantity (2020) 9 16 9 Price (2020) $1.05 $4.25 (B) In recent months, suppose due to the concern of the global recession, the prices of Australian mining products collapsed. Explain the likely impacts of these developments on the price of AUD against USD in the foreign exchange market with a proper diagram. (5 Points) Consider a simple economy that produces three products: X, Y and Z. Use the information in the following table to calculate the real GDP growth rate for 2020. (5 Points) Product X Y Z Quantity (2019) 8 15 18 Base Year Price (2019) $1.00 $4.00 $2.00 Quantity (2020) 9 16 9 Price (2020) $1.05 $4.25 (B) In recent months, suppose due to the concern of the global recession, the prices of Australian mining products collapsed. Explain the likely impacts of these developments on the price of AUD against USD in the foreign exchange market with a proper diagram. (5 Points)

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B As we know in case of USD the United States always hikes its ... View the full answer