Question: In a hypothetical world, between last year and this year, the CPI in The United States of America rose from 115 to 130 and the

In a hypothetical world, between last year and this year, the CPI in The United States of America rose from 115 to 130 and the CPI in China rose from 95 to 100. The United States of America's currency unit, the Dollar(USD), was worth 1.01(USD) per Canadian dollar last year and is worth 0.89(USD) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.75(CNY) per Canadian dollar last year and is worth 6.62(CNY) per Canadian dollar this year.

a)Find the percentage change from last year to this year in The United States of America'snominalexchange rate with China (measured as # of Dollars/1 China Yuan).

b) Find the percentage change from last year to this year in The United States of America'srealexchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Dollars/1 China Yuan

c) Relative to China, do you expect The United States of America's exports to be helped or hurt by these changes in exchange rates

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