Question
NO EXPLANATION NEEDED. ANSWER NEEDED IN 15 MINS 1. Assume a government starts with zero debt. This government then runs an annual deficit for 28
NO EXPLANATION NEEDED. ANSWER NEEDED IN 15 MINS
1. Assume a government starts with zero debt. This government then runs an annual deficit for 28 years of $4,961. At the end of those 28 years, what would be amount of the government debt? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.
2. If the price level in the U.S. is 121.1, the price level in Japan is 124.8, and the nominal exchange rate is 96.72 yen (Japan's currency) per dollar, what is the real exchange rate from the U.S. perspective? Please round to two decimal places and do not include the "pesos per dollar". For example, if your answer was 105.675 pesos per dollar, you would only enter 105.68.
3. If the price level in the U.S. is 123, the price level in Japan is 124.8, and the real exchange rate is 103.63 yen (Japan's currency) per dollar, what is the nominal exchange rate from the U.S. perspective? Please round to two decimal places and do not include the "pesos per dollar". For example, if your answer was 105.675 pesos per dollar, you would only enter 105.68.
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