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7. Consider the exchange rates below for the South Korean Won and the Russian Ruble. Rate I is the initial rate, and rate [I is
7. Consider the exchange rates below for the South Korean Won and the Russian Ruble. Rate I is the initial rate, and rate [I is the current rate. You must show your moth work in order to receive credit on this problem. Note: use 2 Decimals for prices in Rubles, no decimals for prices in Won ('31). Rates are L000 Won per however many Rubies. Starting Rate 1. KRW 1000 9.51 = RUB e 77.33 Later Rate 11. KRW 1000 E1 = RUB 0 79.74 If the price of a car made in South Korea is KRW 28,420,000 \"El and the price of a case of Vodka distilled in Russia is RUB P 22,530.00: a. Calculate the price of each nation's export in the other nation's currency for both exchange rates. b. If the exchange rate changes from rate I to rate II, determine the effect on South Korea's Net Export Spending, Total Spending, Aggregate Demand and Real GDP. Determine the effect on the same data for Russia
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