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Author Question: What is the primary reason exchange rates were overvalued under ISI? What will be an ideal ... (Read 31 times)

Destiiny22

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on: Jun 30, 2018
What is the primary reason exchange rates were overvalued under ISI?
 
  What will be an ideal response?

Question 2

Based on Table 9.2, the current account balance is
 
  A) -2 percent of GNP.
  B) +2 percent of GNP.
  C) +4 percent of GNP.
  D) -4 percent of GNP.
International Economics ¦ Gerber ¦ 6th Edition
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kishoreddi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Because fixed exchange rates were used and inflation was higher than that of trading partners

Answer to Question 2

B


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