If the exchange rate is 0.8 euro per dollar, one dollar is equal ...

[crazycityslicker]

If the exchange rate is 0.8 euro per dollar, one dollar is equal to 1.25 euros
 
  Indicate whether the statement is true or false

Question 2

The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Aggregate planned expenditure is less than actual expenditure if real GDP is
 
  A) 700 billion.
  B) more than 700 billion.
  C) less than 700 billion.
  D) at the equilibrium level.
  E) Both answers A and C are correct.

[kjohnson]

Answer to Question 1

FALSE

Answer to Question 2

B