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Suppose Russia's inflation rate is 200% over one year but the inflation rate in Switzerland is only 2%. According to relative PPP, what should happen over the year to the Swiss franc's exchange rate against the Russian ruble?
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period.
Net Domestic Product
The total value of all goods and services produced within a country in a specific time period, minus the depreciation on its capital goods.
National Income
The total value of all goods and services produced by a country's economy over a specific period, often used as a measure of the economic health of a nation.
Government Expenditures
The total amount spent by the government in a particular period, including spending on goods, services, and transfer payments.
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