If 1 U.S. dollar exchanges for 7.89 South African rand, how much would it cost in rand to purchase a Dell P.C. priced at $795?

If the GDP deflator is less than 100, which will be higher: nominal GDP or real GDP? Why?

What will be an ideal response?

When Jeneva went to Costa Rica in July 2008, a U.S. dollar was worth 550 colones. If today a U.S. dollar is worth 650 colones, it means that the U.S. dollar has depreciated against the colone

Indicate whether the statement is true or false