Hi, I need help with this please.

Question 7 [14 points] Suppose that in 2006, the price levels in the United States and Australia were 100. By 2011, the price level in the United States has increased to 160, while the price level in Australia rose to 220. Suppose the exchange rate between two countries was 1USD = 1.9AUD Note: Please round your answers to 2 decimal places. a) Find the inflation rate of the United States. Ithe United States's ination rate = 0% I b) Find the ination rate of Australia. IAustralia's ination rate = 0% I c) What was the 2006 real exchange rate (from the perspective of Australia)? 12006 real exchange rate = 0 I d) What must the new nominal exchange rate have been in 2011 (from the perspective ofAustralia) if the real exchange rate remained constant? 12011 nominal exchange rate = 0 I e) Suppose Australia has a fixed exchange rate system against the American dollar. The initial nominal exchange rate is fixed. As a result, did Australia's real exchange rate appreciate or depreciate? Real exchange rate will |(Select here) f) Would you expect Australia's net exports to rise or fall as a result? INet exports will (Select here) I Q) Is the Australian dollar overvalued or undervalued? IAustralian dollar is (Select here)