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Suppose the inflation rate in country A is 4%, the inflation rate in country B is 3% and the exchange rate, expressed as S(B/A), depreciated

Suppose the inflation rate in country A is 4%, the inflation rate in country B is 3% and the exchange rate, expressed as S(B/A), depreciated by 2%. According to the real exchange rate, which of the following is true?

The competitiveness of Country A has improved by about 1%.

The competitiveness of Country B has improved by about 1%.

The competitiveness of Country A has improved by about 3%.

The competitiveness of Country B has improved by about 3%.

None of the other answers.

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