Suppose the Pound Devalues from $1

question 41

Multiple Choice

Suppose the pound devalues from $1.25 at the start of the year to $1.00 at the end of the year.Inflation during the year is 15% in England and 5% in the U.S.What is the real devaluation ? or real revaluation + of the pound during the year?

• A)- 12.38%
• B)-20.71%
• C)+ 2.39%
• D)+ 1.46%

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Definitions:

Chaining

A method used in behavior psychology and learning that involves teaching a complex activity or behavior by linking together simpler tasks or elements.

Distal Goal

A long-term objective that is often more abstract and challenging to achieve than immediate goals.

Training

The process of teaching or learning a particular skill or behavior.

ACT Theory

Adaptive Control of Thought, a theory that describes how human thought and understanding processes adapt to changing conditions and demands.