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Consider the exchange rate between U.S. Dollar and New Zealand Dollar: USD/NZD. If the exchange rate changed from 1.40 to 1.47, and inflation was 6.2%

Consider the exchange rate between U.S. Dollar and New Zealand Dollar: USD/NZD. If the exchange rate changed from 1.40 to 1.47, and inflation was 6.2% in the U.S. and 4.9% in New Zealand, then the real exchange rate increased by _____ percent.

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