The Percentage Change in the Real Exchange Rate Between Two

question 79

Multiple Choice

The percentage change in the real exchange rate between two nations is equal to the:

• A) product of home worker productivity and foreign productivity divided by the share of traded goods in production.
• B) difference between home and foreign worker productivity.
• C) difference in the relative wage of foreign and home workers times the price level in the nation.
• D) change in the difference between foreign worker productivity and home worker productivity multiplied by the share of nontraded goods in total production.

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