Question
The real exchange rate -is the exchange rate divided by the inflation rate -compares the actual exchange rate to that implied by absolute PPP -compares
The real exchange rate
-is the exchange rate divided by the inflation rate
-compares the actual exchange rate to that implied by absolute PPP
-compares the values of goods and services between countries
-is a trade-weighted average of exchange rates
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
