Question: Fill in the missing values for nominal and real $/ indexes in the table below. Nominal UKPrice US Price Real Period $/ rate $/ Index

Fill in the missing values for nominal and real $/ indexes in the table below. Nominal UKPrice US Price Real Period $/ rate $/ Index Index Index $/ Index 1 $2.00/1 ? 100 100 ? 2 $2.10/1 ? 120 110 ? 3 $2.50/1 ? 120 120 ? 4 $2.00/1 ? 120 140 ? 5 $1 .70/1 ? 160 150 ? Show your calculations. Comment on the nominal and real index of the pound. [5 marks] (ii) Fill in the missing values for effective (trade weighted) pound index in the table below. Assuming that the UK does 40% of its trade with the US and 60% of its trade with Europe. Nominal Nominal Nominal (Effective) Period $/ index Euro/2 Index :5 Trade Weighted Index 1 100 100 ? 2 140 120 3 110 100 4 80 120 5 100 90 "3 'ND "0 "O

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