Question: Question 4 [10 points] In a hypothetical world, between last year and this year, the CPI in Germany rose from 100 to 105 and the

Question 4 [10 points] In a hypothetical world, between last year and this year, the CPI in Germany rose from 100 to 105 and the CPI in Russia rose from 95 to 105. Germany's currency unit, the Euro(EUR), was worth 0.82(EUR) per Canadian dollar last year and is worth O.69(EUR) per Canadian dollar this year. Russia's currency unit, the Ruble(RUB), was worth 23.37(RUB) per Canadian dollar last year and is worth 23.23(RUB) per Canadian dollar this year. 3) Find the percentage change from last year to this year in Germany's nominal exchange rate with Russia (measured as # of Euros/1 Russia Ruble). NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = I% b) Find the percentage change from last year to this year in Germany's real exchange rate with Russia. Again, assume that we are measuring the nominal exchange rate portion as the # of Euros/1 Russia Ruble. NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = I% c) Relative to Russia, do you expect Germany's exports to be helped or hurt by these changes in exchange rates? 0 Helped 0 Hurt

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