Social Security was established in

During 2014, the country of Economia had a real GDP of $115 billion and the population was 0.9 billion. In 2013, real GDP was 105 billion and the population was 0.85 billion. In 2014, real GDP per person was

A) $128. B) $124. C) $135. D) $117.

Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 100 euros and the representative U.S. basket costs $125,

and the dollar/euro exchange rate is $0.75 per euro, then the price of the European basket in terms of U.S. basket is: