2. {.51} Using the approach outlined in the Appendix, calculate the nominal and real changes in the exchange rates for Denmark and Japan during 2005. Please use Format A to provide your answer. (b) Which changes in the exchange ratesnominal or realshould the Danish and Japanese managers be held responsible for? Why? {c} In light of the calculations of exchange rates in 2(a), what revisions, if any, would you make in the 2005 dollar budgets of the Danish and Japanese subsidiaries when comparing the budgeted and actual performance? Please use Format B to provide your answer. In light of the revised budget, which manager has performed better? Why? Evaluate the appropriateness of the responses of the Danish and Japanese subsidiary managers to the exchange rate changes