This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The domestic currency price of a representative foreign expenditure basket is A) P, the domestic ... (Read 130 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
The domestic currency price of a representative foreign expenditure basket is
 
  A) P, the domestic price level.
  B) E, the nominal exchange rate.
  C) P times E, the domestic price level times the domestic price level.
  D) P , the foreign price level.
  E) P times E, the foreign price level times the nominal exchange rate.

Question 2

What is the national income identity for an open economy?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

Y = C + I + G + EX - IM


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Excellent

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Estimating Daily Caloric Expenditure Estimating Daily Caloric Expenditure
The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material. The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material.
Representative Diagram of Rectification Distillation Representative Diagram of Rectification Distillation
Structures of the ionized forms of some representative fatty acids (part 1) Structures of the ionized forms of some representative fatty acids (part 1)
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library