The growth rate of productivity is the most important determinant of material well-being in the short run

Suppose that the nominal exchange rate between the U.S. dollar and the Mexican peso is 0.10 dollars per peso. If Mexico's inflation is 10 percent and the United States' inflation is 0 percent, from the U.S. point of view, the real exchange rate

A) appreciates to 0.11 dollars per peso. B) depreciates to 0.11 dollars per peso. C) appreciates to 0.09 dollars per peso. D) depreciates to 0.09 dollars per peso.

Where are the most economically advanced capitalist countries located?

a. Western Europe b. North America c. New Zealand d. All of the above are locations of some of the most economically advanced capitalist countries.