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1 Domestic business borrowed $35 from foreign banks Foreign investors purchased $45 of domestic government bonds Domestic investors bought $30 of foreign corporate bonds Statistical

1 Domestic business borrowed $35 from foreign banks Foreign investors purchased $45 of domestic government bonds Domestic investors bought $30 of foreign corporate bonds Statistical discrepancy is -$15 What is the current account balance? Question 2 The Japanese price level is 104.3. The Australian price level is 82.6, and the real exchange rate is 75.2 Japanese real GDP per unit of Australian real GDP. What is the nominal exchange rate (/AUD)

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