Question 7 (14 points) Suppose the exchange rates at the beginning and the end of this year are C$1.302/US$ and C$1.322/US$ respectively. During this year, the inflation rates of US and Canada were 0.4% and 6.9% respectively. What was the percentage change in the real value of US$ (in Canada) during this year? Give your answer to the nearest 0.01%. Show your calculations. Comment on the change in the relative export competitiveness between the two countries during this year. 63 co Paragraph BIU .. A