Consider the United States and the countries it trades with the most, measured in trade volume: Canada, Mexico, China, and Japan. For simplicity, assume these are the only four countries with which the United States trades. Trade shares and US. nominal exchange rates for these four countries are as shown in the table. Use this information to answer the questions. Please round your answers to the nearest hundredth. Country (currency) Canada (CNS) Mexico (Mex$) China (yuan) Japan (3}) Share of 'Ihlde 36% 28% 20% 16% $perFXin 2015 0.8 2'1"] 0,0683 0.1608 0.0080 5 per FX in 2016 0.6892 0.0538 0.1522 0.0086 3. Compute the percentage change from 2015 to 20|6 in the four U.S. bilateral exchange rates, dened as US. dollars per unit of foreign exchange. b. Use the trade shares as weights to compute the percentage change in the nominal effective exchange rate (E) for the United States between 2015 and 2016, in U.S. dollars vis-auvis the foreign currency basket. 6. Based on the nominal effective exchange rate you found, what happened to the value of the US. dollar against this basket of currencies between 2015 and 2016? The dollar - against the basket of currencies. appreciated 0 depreciated