By how much has the franc enchanced or depreciated against, Ask an Expert

Economics

The RGDP per capita

1.Assume last year's real GDP was $7,000 billion, this year's nominal GDP is $8,820 billion, and the GDP-deflator for this year is 120. What was the growth rate of real GDP? Does this show an improvement in economic welfare? (Clearly explain your answer)

2. Suppose the value of the French Franc in terms of the dollar is 50 on October 12 , and 44 on October 17.

By how much has the Franc appreciated or depreciated against the dollar?

3.Suppose the Value of French Franc in terms of the dollar is 40 on October 12 and 45 on October 17. By how much has the Franc appreciated or depreciated against the dollar?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9209831

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