The price level in the Eurozone is 112.4, the price level in the United States is 109.1,

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The price level in the Eurozone is 112.4, the price level in the United States is 109.1, and the nominal exchange rate was 80 euro cents per U.S. dollar. What was the real exchange rate expressed as Eurozone real GDP per unit of U.S. real GDP?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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