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repetitorium

# repetitorium - Macroeconomics Prepaired by:Vedrana Pribievi...

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Macroeconomics Prepaired by:Vedrana Pribičević Repetitorium –Test II 1. Assume nominal exchange rate kn/euro was 7,3 a week ago. a) If exchange rate depreciates by 15%, what is the current exchange rate? b) If exchange rate appreciates by 15%, what is the current exchange rate? 2. To answer the following, use the data provided below. E P P* 2006. 0.70 1.55 1.3 2007. 0.76 1.65 1.35 a) Calculate real exchange rate in 2006. and 2007.! b) Calculate the percentage change of real exchange rate in above mentioned years. c) Calculate the percentage change of nominal exchange rate in above mentioned years. d) Calculate the percentage change of P and P*! e) Is nominal depreciation-appreciation bigger or smaller than real depreciation-appreciation? 3. GDP deflator of EU is 1,25. Nominal exchange rate kn/eur is 7,3. What is the real exchange rate between Croatia and EU if real GDP in Croatia exceeds nominal GDP by 15%? 4. GDP deflator of EU is 1,15. Nominal exchange rate kn/eur is 7,5. What is the real exchange rate between Croatia and EU if real GDP in Croatia is smaller than nominal GDP by 20%? 5. GDP deflator of Croatia is 1,20. Nominal exchange rate kn/eur is 7,25. What is the real exchange rate between Croatia and EU if real GDP in EU exceeds nominal GDP by 10%?

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