Question: how do i solve this - pls help 14. Suppose that the real exchange rate of tissue between Korea and U.S. is (5/4) Korean tissue

how do i solve this - pls help

14. Suppose that the real exchange rate of tissue between Korea and U.S. is (5/4) Korean tissue per 1 U.S. tissue. 1 U.S. tissue costs $1.50 and 1 Korean tissue costs 1200 KRW (Korean won). What is the nominal exchange rate between KRW and USD? (6 pt) 15. Under the nominal exchange rate derived from question (14), if Korean tissue factories were hit by the labor strike and due to the less production, the price of Korean tissue increased from 1200 KRW to 3000 KRW per tissue. If the nominal exchange rate and price of U.S. tissue remains same, what is the new real exchange rate between Korean tissue and U.S. tissue? (6 pt)

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