ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
7.When comparing per capita income in different countries, is the currencies exchange rate a good measure?
a.
Yes because it is precise
b.
Yes because it represents the value of one good in a different currency
c.
No because it is subject to monetary shock
d.
No because it doesn’t account for the value of non-traded goods
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