Assessment 2 (page 9 of 16)

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University of South Africa *

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2602

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Economics

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Nov 24, 2024

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Question 16 Answer saved Marked out of 1.00 Question 17 Not yet answered Marked out of 1.00 Which one of the following does not refer to an appreciation of the rand? Select one: A. R1 = $0.25 to R1 = $0.35 B. R1 = $0.40 to R1 = $0.35 C. R1 = $0.60 to R1 = $0.70 D. $1 = R12 to $1 = R11 Clear my choice The real exchange rate between the rand and the dollar is: ε = EP/P* Which one of the following statements is INCORRECT? Select one: A. If the increase in the price of domestic goods rises faster than the price of foreign goods and E is unchanged, the real exchange rate increases, and a real appreciation occurs. B. Assume that the increase in P* and the increase in P are the same, and the rand depreciates against the dollar. Then, the nominal exchange rate is higher, the real exchange rate increases, and a real appreciation occurs. Therefore, the USA goods are relatively cheaper than before the change in the nominal exchange rate. C. USA goods are relatively more expensive if the nominal exchange rate is unchanged and the increase in the price of USA goods is higher than the increase in the price of SA goods because a real depreciation occurs. D. If the increase in the relative price of SA goods is higher than the increase in the price of USA goods, the real exchange rate increases, and a real appreciation occurs. Clear my choice ◄ Assessment 1 Jump to... Assessment 3 ►  Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2602-23-S1 / Welcome to the ECS2602_2023 semester site / Assessment 2  Dashboard Calendar

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