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Based on the above table, in 2015, is dollar (USD) overvalued or undervalued against yuan (CNY)? Explain your answer. Calculate the value of real exchange

Based on the above table, in 2015, is dollar (USD) overvalued or undervalued against yuan (CNY)? Explain your answer. Calculate the value of real exchange rate between yuan (CNY) and dollar (USD), qY/$ yuans per dollar?

image text in transcribed Based on the above table, in 2015 , is dollar (USD) overvalued or undervalued against yuan (CNY)? Explain your answer. Calculate the value of real exchange rate between yuan (CNY) and dollar (USD), qY/$ yuans per dollar? Based on the above table, in 2015 , is dollar (USD) overvalued or undervalued against yuan (CNY)? Explain your answer. Calculate the value of real exchange rate between yuan (CNY) and dollar (USD), qY/$ yuans per dollar

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