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Consider the following data on USDMXN and price levels in the United States and Mexico. Calculate the real exchange rate at t=0. Price Level (P)

Consider the following data on USDMXN and price levels in the United States and Mexico. Calculate the real exchange rate at t=0. Price Level (P) Year USDMXN Mexico United States Real Exchange (q) -3 13.00 100 100 ? -2 13.50 105 102 ? -1 14.00 111 104 ? 0 14.50 116 107 ?

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