The USdollar Suddenly Changes in Value Against the Euro Moving from from an Exchange

question 34

Multiple Choice

The U.S.dollar suddenly changes in value against the euro moving from an exchange rate of $0.8909/euro to $0.08709/euro.Thus,the dollar has ________ by ________.

• A)appreciated; 2.30%
• B)depreciated; 2.30%
• C)appreciated; 2.24%
• D)depreciated; 2.24%

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World's Output

The total production of goods and services by all countries and economies worldwide over a specified period of time.

Poorest 20 Percent

The segment of the population with the lowest income, representing the bottom quintile in the distribution of income or wealth.

World Income

The total income generated by individuals and entities across the globe.

Per Capita Income

The average income earned per person in a given area in a specified year.