Assume that the spot exchange rate between China and the USA is originally .16 USD per Yuan. If the USA has 4.1% inflation while China has 2.3% inflation, at the end of the period the relative PPP exchange rate will be ________ USD per Yuan.  **Round to FOUR digits behind the decimal. 

A bundle of goods in China cost 45300 Yuan in 2015 and 46570 Yuan in 2016. The inflation rate, as judged by this bundle, is _______%. (round to 2 digits behind the decimal)

Name the depressed area that the pointer is resting in of the previously named bone. _______

In an embargo, a country:

Assume that country X has a money supply that is 2 times as large as the money supply in country Y. And, country X has a real GDP that is $850,000,000 and country Y has a real GDP that $600,000,000. Using the quantity theory of money, we can estimate an exchange rate of _____ of X’s currency for 1 units of Y’s currency.   

The exchange rate for the Thai Baht moves from 32.75 Baht/$ to 32.99 Baht/$. This tells you that _________ against the dollar.  

Economists debate whether free trade is good or bad for a nation. There is not yet a consensus. 

You go to exchange money and find that the exchange rate is now 34.1 Baht/USD. This means the Baht is worth _______ USD. (Carry to 4 digits behind decimal.))

Name the specific raised area of the previously named bone that the pointer is pointing to. _______

Name the specific bone that the pointer is pointing to. Tell me everything! _______