Pakistan is a consumption-oriented society with the average marginal propensity to consume around 0.80. People in the country spends on average 80 percent of their income on either food or clothing after meeting essential expenditures. Pakistanis highly regard electrical machinery and equipment of Japan and therefore, the composition of electrical machinery and equipment constitute around 10 percent of the total imports. An electrical machinery in Pakistan costs PKR 65,000 while the same cost 3,050 Yen in Japan. Suppose if 01 PKR is equal to 150 Yen, answer the following questions. i. Find and explain the price of electrical machinery measured in Yen. 02 Marks ii. Find the real exchange rate, measured as Japanese electrical machinery per Pakistani electrical machinery. 02 Marks iii. Suppose if 01 PKR is now equal to 130 Yen 01 Mark a. Explain appreciation and depreciation and find which currency appreciated and depreciated. Assessment Rubrics: Find the price of electrical machinery measured in Yen Calculate Maximum 1.5 Marks Explain the price of electrical machinery measured in Yen Basic interpretation Maximum 0.5 Marks Find the real exchange rate, measured as Japanese electrical machinery per Pakistani electrical machinery. Calculations Maximum 2 Marks Explain appreciation and depreciation Definition Maximum 0.5 Marks Find which currency appreciated and depreciated. Identification Maximum 0.5 Marks