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The US dollar has appreciated against the Australian Dollar by 11% over the past year. Over this period inflation in the USA has been 5.8%,

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The US dollar has appreciated against the Australian Dollar by 11% over the past year. Over this period inflation in the USA has been 5.8%, and inflation in Australia has been 1.7%. By approximately how much has the US dollar appreciated (+) or depreciated (-) IN REAL TERMS against the Australian dollar? a. 15.5% b. 6.7% c. 19.4% d. 19.5% e. 11%

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