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In a hypothetical world, between last year and this year, the CPI in The United States of America rose from 105 to 110 and the

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In a hypothetical world, between last year and this year, the CPI in The United States of America rose from 105 to 110 and the CPI in China rose from 100 to 110. The United States of America's currency unit, the Dollar(USD}_ was worth 0.99(USD) per Canadian dollar last year and is worth (189(USD) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth B.93(CNY) per Canadian dollar last year and is worth 6.83(CNY} per Canadian dollar this year. a) Find the percentage change from last year to this year in The United States of America's nominal exchange rate with China (measured as it of Dollars\" China Yuan). NOTE: Please keep as much precision as possible throughout your calculations and round off your nal answer to two decimal places. Percentage change 2 I'M: I b) Find the percentage change from last year to this year in The United States of America's real exchange rate with China. Again, assume that we are measuring the nominal exchange rat portion as the # of Dollars\" China Yuan. NOTE: Please keep as much precision as possible throughout your calculations and round off your nal answer to two decimal places. Percentage change = I'M. 1:) Relative to China, do you expect The United States of America's exports to be helped or hurt by these changes in exchange rates? 0 Helped 0 Hurt

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