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Please assist: The Islandian economy is described by the equations that appear in the table below. Note: The interest rate is recorded as a whole

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The Islandian economy is described by the equations that appear in the table below. Note: The interest rate is recorded as a whole number. For example. if the interest rate is 3%. then r would be 3 in the relevant equationisi. Y= L= Tusl |=20G 4U!" G: 250+D.?Y T NI: 4110 EOE Islandia was initially resistant to trading with the rest of the world. However. after receiving advice from the International Monetary Fund. Islandia opens up to world trade. Calculate the real exchange rate that exists once Islandia decides to trade with the rest of the world. {Should you need to round off. round offto the nearest whole number. Show your workings.) (4] [You should preferably type the answers to the "long" questions in the spaces provided. Alternatively. you may write your answers [in pen} on a white piece of paper and then take a photo of your answer and upload it to the correct question.]

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