Computer the real exchange rate
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GDP Deflator France GDP Deflator US Market exchange
rate
1980 85.7 76.0 2.49 francs/$
1990 113.4 119.6 2.12 francx/$
Computer the real exchange rate for 1980 and 1990.
I know the following:
real exchange rate = exchange rate * US price index/foreign price index
GDP deflator is nominal GDP/real GDP * 100
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Solution Summary
Market exchange rate and price indices are contrasted briefly.
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The data you have is
GDP Deflator GDP Deflator Market exchange
France US Rate
1980 85.7 76.0 2.49 francs/$
1990 ...
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