In April 2016, the exchange rate of Australian dollars (AUD) to the South African Rand (ZAR) was:AUD 1=ZAR 10.9098

a)How many ZAR would an Australian expect to receive if exchangingAUD 6,000 for

ZAR?

b)How would a rise in economic growth (real GDP) in Australia affect the AUD-ZAR

exchange rate ? Use a demand/supply diagram (using AUD as the pricing currency) to help

explain your answer.

c)Assume the Australian dollar has depreciated against the South African Rand. What are the

advantages and disadvantages of this depreciation for the Australian econom