-Refer to Exhibit 7-2

question 109

Multiple Choice

-Refer to Exhibit 7-2.Assuming that 1990 is the base year,Real GDP in 2019 is

• A) $49.
• B) $51.
• C) $86.
• D) $92.
• E) not possible to calculate without the CPI.

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Definitions:

Official Exchange Rate

The official exchange rate is the rate at which a country's central bank will exchange its currency for foreign currency.

Agreement

An agreement is a mutual understanding or arrangement between two or more parties, often legally binding, about their rights and responsibilities regarding a particular deal or situation.

Dollar Strengthened

A condition where the U.S. dollar increases in value compared to other currencies in the global market.

Foreign Currencies

Currencies used in a country other than one's own, involved in foreign exchange trading and international transactions.