Author Question: The Danish currency, the krone, is pegged to the euro at a rate of 7.46 kroner (kroner is the plural ... (Read 77 times)

kfurse · **on:** Jun 29, 2018

The Danish currency, the krone, is pegged to the euro at a rate of 7.46 kroner (kroner is the plural of krone) to the euro. At the pegged exchange rate, how many euros would be exchanged for one krone?

A) 0.07 B) 0.13 C) 1.76 D) 7.46

Question 2

Refer to Table 8-8. Suppose that a simple economy produces only four goods and services: sweaters, CDs, sugar, and soft drinks.

Assume one half of the sugar is used in making the soft drinks and the other half of the sugar is purchased by households. Calculate nominal GDP for this simple economy.