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Problem:
Use the below table to answer the following questions:
Country
Exchange rate per dollar
Price in local currency
South Africa (rand)
8
3,500
Brazil (real)
2.2
1,200
India (rupee)
45
18,000
Mexico (peso)
10
6,000
Exchange Rate
Money Growth
Real Income Growth
United States
4%
2.5%
Mexico
0.25 $/peso
6%
5%
UK
1.5 $/GBP
2%
France
1.2 $/euro
7%
4.5%
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