In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 115 and the CPI in China rose from 90 to 105. Mexico's currency unit, the Peso(MXN), was worth 8.85(MXN) per Canadian dollar last year and worth 6.64(CNY) per Canadian dollar this year. worth 8.8(MXN) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.77(CNY) per Canadian dollar last year and is a) Find the percentage change from last year to this year in Mexico's nominal exchange rate with China (measured as # of Pesos/1 China Yuan). NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% b) Find the percentage change from last year to this year in Mexico's real exchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan. NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% c) Relative to China, do you expect Mexico's exports to be helped or hurt by these changes in exchange rates? Helped Hurt

In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 115 and the CPI in China rose from 90 to 105. Mexico's currency unit, the Peso(MXN), was worth 8.85(MXN) per Canadian dollar last year and worth 6.64(CNY) per Canadian dollar this year. worth 8.8(MXN) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.77(CNY) per Canadian dollar last year and is a) Find the percentage change from last year to this year in Mexico's nominal exchange rate with China (measured as # of Pesos/1 China Yuan). NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% b) Find the percentage change from last year to this year in Mexico's real exchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan. NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% c) Relative to China, do you expect Mexico's exports to be helped or hurt by these changes in exchange rates? Helped Hurt

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 4WNG

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