Use the following data (quoted based on market convention) Currency Beginning 2017 Current Trade Weight CAD 1.36 1.30 50% GBP 1.26 1.34 30% CNY 1.18 1.09 20% (CAD is the Canadian Dollar, GBP is the British Pound, and CNY is the Chinese Yuan) 9) 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. (7) B) Calculate the REAL EXCHANGE RATE now. (7) 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? (7)