5. At the start of the year, the exchange rate was $1.254/. At the end of the year, the exchange rate is $1.211/. If U.S. inflation was 5% and European inflation was 3%, what has been the nominal and real change in the value of the Euro (versus the USD)? Nominal: (to 2 decimal places like 5.25% ). Real: (to 2 decimal places like 6.41% ) 6. Given your answer to Q5, what has happened to U.S. export industry competitiveness over the year? (improved or worsened)