Which of the following statements about Canada's real exchange rate is correct? The real exchange rate is a measure of the quantity of Canadian dollars exchanges for a unit of another currency. The real exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian dollar. The real exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services. The real exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys.

Question

Which of the following statements about Canada's real exchange rate is correct? The real exchange rate is a measure of the quantity of Canadian dollars exchanges for a unit of another currency. The real exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian dollar. The real exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services.  The real exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys.

Answer

Statements 3 and 4 are correct.

Answer

Statements 1 and 3 are correct.

Answer

Statements 2 and 3 are correct.

Answer

Statements 1 and 2 are correct.

Answer

Statements 2 and 4 are correct.

Crowdly

Which of the following statements about Canada's real exchange rate is correct?...

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