QUESTION 4 The price index in the U.S. is 100, the price index in Japan is 95, and the nominal exchange rate between Yen and Dollar (USD/JPY) is 114. Then the real exchange rate is

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QUESTION 4
The price index in the U.S. is 100, the price index in Japan is 95, and the nominal exchange rate between Yen and Dollar (USD/JPY) is 114. Then the real exchange
rate is
Note: Type in your answer rounded to two decimal places, i.e., your answer must be of the form "999.99". I will not be able to fix correct answers that were entered
incorrectly, such as "999.999" or "999,99" or "999". In case the last digit in the correct answer is zero, e.g., "999.90" or "999.00", Blackboard may automatically delete it
and you should not do anything about it. In case of percentages, do not type in the percentage symbol "%". If your answer is a negative number, type a dash in front of
your answer, i.e, "-999.99".
Transcribed Image Text:QUESTION 4 The price index in the U.S. is 100, the price index in Japan is 95, and the nominal exchange rate between Yen and Dollar (USD/JPY) is 114. Then the real exchange rate is Note: Type in your answer rounded to two decimal places, i.e., your answer must be of the form "999.99". I will not be able to fix correct answers that were entered incorrectly, such as "999.999" or "999,99" or "999". In case the last digit in the correct answer is zero, e.g., "999.90" or "999.00", Blackboard may automatically delete it and you should not do anything about it. In case of percentages, do not type in the percentage symbol "%". If your answer is a negative number, type a dash in front of your answer, i.e, "-999.99".
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