1. A company experienced an increase in revenue from U.K. as shown below.
Year Revenue Exchange rate
2015 £10,000 $1.5254 per £
2016 £10,500 $1.3555 per £
Compute the percentage rate of change in the revenue in (nominal) dollar terms.
2. A company experienced an increase in revenue from U.K. as shown below.
Year Revenue Exchange rate
2015 £10,000 $1.5254 per £
2016 £10,500 $1.3555 per £
If the inflation in the U. S. was 3% compute the real rate of change in the revenue in dollar terms.