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During 1995, the Mexican peso exchange rate rose from 5.33 pesos per U.S. dollar to 7.64 pesos per U.S. dollar. At the same time, U.S. inflation was \approx imately 3% in contrast to Mexican inflation of about 48.7%. Did the Mexican peso appreciate, depreci
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Gross domestic product
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Lays potato chips in India cost about 20 cents (10 rupees) but why does it cost $1 in USA (about 5 \times more)?
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Gross domestic product
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Which statement is correct? a. If investment is greater than depreciation, the nation’s capital stock will grow. b. If investment is less than depreciation, the nation’s capital stock will grow. c. I
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Gross domestic product
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The New York \times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3.36 per hour in 1970 and $23.09 in 2011. a. By what percentage did the price of a newspaper rise? b. By what percentage did the wage rise? c. In each year,
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