If the Price Level in the U

question 52

Multiple Choice

If the price level in the U.S. is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rands per dollar, then the real exchange rate is

• A) 6 South African goods per U.S. good.
• B) 1.4 South African goods per U.S. good.
• C) 9.8 South African goods per U.S. good.
• D) 8.4 South African goods per U.S. good.

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Definitions:

Conscious Awareness

The state of being awake and aware of one's surroundings, thoughts, and emotions.

Thalamus

A small structure within the brain that serves as a relay station for sensory and motor signals to the cerebral cortex.

Neurons

The basic working units of the brain, specialized cells that transmit information to other nerve cells, muscle, or gland cells.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.