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4 . 3 6 Suppose the pound devalues from $ 1 . 2 5 at the start of the year to $ 1 . 0
Suppose the pound devalues from $ at the start of the year to $ at the end of the year. Inflation during the year is in England and in the US What is the real devaluation or real revaluation of the pound during the year?
a
b
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d
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