1. If the price level in the U.S. is 125.7, the price level in Japan is 125.1, and the real exchange rate is 95.89 yen (Japan's currency) per dollar, what is the nominal exchange rate from the U.S. perspective?

2. If the price level in the U.S. is 116.4, the price level in Japan is 113.5, and the nominal exchange rate is 95.19 yen (Japan's currency) per dollar, what is the real exchange rate from the U.S. perspective?

3. Assume a government starts with zero debt. This government then runs an annual deficit for 22 years of $2,194. At the end of those 22 years, what would be amount of the government debt?

4. If the MPC is 0.84 and taxes decrease by $5,996, holding all else constant, real GDP will change by _____ according to the multiplier effect.