A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C=300+(1/2)(Y-T), I=2500-30r, NX=1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country. Select one: O a. 5.80 b. 2.80 C. 7.13

A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C=300+(1/2)(Y-T), I=2500-30r, NX=1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country. Select one: O a. 5.80 b. 2.80 C. 7.13

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter6: Managing In The Global Economy

Section: Chapter Questions

Problem 12E

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Question

A country's economy is described with the following parameters: Y=9000, G=1500,
T=500, C=300+(1/2)(Y-T), I=2500-30r, NX=1200-150Excangerate, and r is 11 (world
interest rates). Find equilebrium exchange rate approximately for this country.
Select one:
a. 5.80
b. 2.80
C. 7.13
d. 8.00
e. 9.80

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