1. The price of a good is $4.08 in the USA and 4.63 in Britain and the exchange rate is 0.95. If you purchase a good from the UK, then how many goods from the US d[you forgo purchasing? (Round to the nearest hundredth.) 2. The price of oil is $4.32 in the USA and 5.99 in Britain and the exchange rate is 1.05. You have an oil budget of $73 and want to buy as much oil as possible. What is the maximum amount of oil you can afford? (Round to the nearest hundredth.) 3. The price of corn is 57P in Mexico and the exchange rate is $0.19. If absolute PPP is true, then what is the price in the USA? (Round to the nearest hundredth.) 4. The international market for silicon follows relative PPP. The price in the US today is $12 and the price in China today is 83%. The prices in one year are expected to be $17 and 92% respectively. If the exchange rate between China and the US is expected to be 5.8% in one year, then what is the exchange rate today? (Consider the USA to be the domestic country. Round to the nearest hundredth.) 5. The interest rate on an asset in the US is 6.2% and an identical asset in Germany has an interest rate of 7.7%. If the inflation rate in the US is 4.2%, then what is the real rate of interest on the German asset? (Answer as a decimal. Round to the nearest thousandth.)