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In a hypothetical world , between last year and this year , the CPI in Mexico rose from 105 to 110 and the CPI in
In a hypothetical world , between last year and this year , the CPI in Mexico rose from 105 to 110 and the CPI in China rose from 95 to 105.Mexico currency unit, The Peso(Mxm),was worth 8.96(MxM) per American dollar last year and is worth 8.83(Mxm) per American dollar this year. China currency unit , the Yuan (CnY)? Was worth 6.73(CnY) per American dollar last year and is worth 6.61(us) per American dollar this year. A) Find the percentage change from last year to this year in Mexico nominal exchange rate with China (measured as #of Pesos /1China Yuan). Note please keep as much precision as possible through your calculations and round off your final answer to two decimals places. Percentage change = ______% B) Find the percentage change from last year to this year in Mexico's real exchange rate with chains . again assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan. Note : Please keep as much precision as possible through your calculations and round off your final answer to two decimal places . Percentage change =______% C) Relative to China, do you except Mexico export to be helped or hurt by these changes in exchange rates ? Helped or Hurt??? ______
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