Suppose in 2017, the price level in the US was 100.0 and the price level in Canada was 100. Furthermore, suppose that the current price level in the US is 112.5 and the current price level in Canada is 104.2 (use the exchange rates in the previous question).A) Calculate the REAL EXCHANGE RATE in 2017.B) Calculate the REAL EXCHANGE RATE now.C) Based on the answers to A) and B), what happened to the price of US goods relative to Canadian goods from 2017 to now?Picture is of previous question completed with the data above if needed for A, B, and C. Thank you for your help.

e the following data (quoted based on market convention) Currency Beginning 2017 CAD Current Trade Weight 1.36 GBP 1.30 50% 1.26 CNY 1.34 30% 1.18 1.09 20% (CAD is the Canadian Dollar, GBP is the British Pound, and CNY is the Chinese Yuan) From the beginning of 2017 until now, did the $ appreciate or depreciate with respect to the following currencies - and by how much did the $ appreciate or depreciate (in percentage terms)? A) the CAD (8), (1.30 - 1. 34) / 1.36 =-. 04412 The dollar has deteriorated by 4.41210 concerning LAD. B) the GBP (8) The dollar hav increased by ( 1.24 - 1. 24) /1.24 = 04349 4. 3490% concerning GBP. C) the CNY (8) ( 1. 09 - 1.18 ) / 1.18: -. 07627 The dollar has deteriorated by 7.627%% concerning LNY. D) By how much did the $ appreciate or depreciate against a basket of these three currencies using the effective trade weighted exchange rate? (10) = ( 1 . 3 0 1 1 . 3 6 ) " x ( 1 . 3 4 / 1. 24 ) . 3 x ( 1. 09 / 1. 18 ) " x 100 = 98.024 The dollar deteriorated by 1.974 it