Suppose that Alpha's real output rose from $400 billion in year 1 to $428 billion in year 2. Its growth rate for this period was:

The rate at which nations will exchange goods and services is known as the

A) exchange rate. B) transfer rate. C) terms of exchange. D) terms of trade.

If Japanese tourists visit Yellowstone Park, what is the effect in the foreign exchange market?

a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.