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Author Question: The domestic currency price of a representative foreign expenditure basket is A) P, the domestic ... (Read 77 times)

jilianpiloj

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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?


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missalyssa26

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

E

Answer to Question 2

Y = C + I + G + EX - IM


jilianpiloj

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bitingbit

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Reply 3 on: Yesterday
Excellent

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