The percentage change In Blueland's nominal exchange rate from last year to this year is: Instructions: Enter your response as a whole number. Be certaln to enter "O If required b. Calculate Blueland's real exchange rate with Redland. Instructions: Enter your response rounded to two decimal places. Last yearred/blue This year: The percentage change In Blueland's real exchange rate with Redland from last year to this year ls: Instructions: Enter your response rounded to two decimal places. Be certaln to enter "O" If required. red/blue C. Relative to Rediand, you expect Blueland's exports to be [Click to select by these changes in exchange rates.
Homework Answers
a. Nominal Exchange Rate of Blueland with Redland
This Year = Blue/Red = 0.90/0.45= 2 or Blue = 2*Red
Last Year = Blue/Red = 1/0.50= 2 or Blue = 2*Red
The Percentage Change is zero as there is no change in Nominal Exchange from last year to this year in Blueland
b. Real Exchange Rate = Nominal Exchange Rate *(Pf / Pd)
This Year = 2*(105/110) = 1.909
Last Year = 2*(100/100)= 2
The Percentage Change is given below
(1.909 - 2)*100/2 = 4.55%
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