Question 7 (1 point) If a Big Mac costs 1.93 in the UK and $3.48 in the USA, and the actual exchange rate is 0.48/$ at that time, by what % does PPP (Purchasing Power Parity) suggest the pound is overvalued? (enter your answer as a whole number without the percent sign. For example, if you compute 1.23%, enter "1.23") Your Answer: Question 9 (1 point) If the USA has inflation of 1% and the UK has inflation of 4%, what should the approximate interest rate differential be? (Enter your answer as a whole number with no symbols. For example, if you compute 1%, enter "1") Your Answer: Answer Question 28 (1 point) Use the monetary approach to predict the U.S. inflation rate, given the following forecasts: money-supply growth - 5%, real GNP growth = 2%, and the velocity of money will increase 0.7%. (Enter your answer as a whole number with no symbols and one decimal place. For example, if you compute 1.2%, enter "1.2") Your Answer: Answer Question 29 (1 point) If the U.S. risk-free rate is 1.9% and Panama has $30000000 annual value of seigniorage from paper currency which will never return to the United States, what is total number of US dollars circulating in Panama? Your