Question
If Singapore's real trade weighted index appreciates over time, but this appreciation is less than the appreciation in Singapore's nominal trade weighted index, then A.
If Singapore's real trade weighted index appreciates over time, but this appreciation is less than the appreciation in Singapore's nominal trade weighted index, then
A. Singapore has had a lower inflation rate than its trading partners, but lost price competitiveness
B. this implies Singapore's currency has appreciated because of its strong economic performance.
C. Singapore has had a higher inflation rate than its trah partners, and lost price competitiveness.
D. Singapore has had a lower inflation rate than its trading partners, and gained price competitiveness
E. Singapore has had a higher Inflation rate than its trading partners, but gained price competitiveness
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