Define E = $/£ as the Dollar/pound Exchange Rate and NGDP_UK

question 40

Multiple Choice

Define E = $/£ as the dollar/pound exchange rate and NGDP_UK as the United Kingdom's nominal GDP; then NGDP ${ } ^ { U S . }$
UK , the United Kingdom's nominal GDP in dollars, is given by:

• A) \(E = \mathrm { NGDP } _ { \text {UK } } \times \mathrm { NGDP } ^ { \mathrm { US } } \text { UK }\)
• E) None of these answer are correct.

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