1. What is the relationship among changes in price levels between two countries and changes in their nominal exchange rates according to the Purchasing Power Parity (PPP) condition?
2. In the Unites States there is a massive capital inflow into many Asian economies after the adoption of "Quantitative Easing" policy. Observe (with the aid of loan able funds market diagram) the possible impact of the influx of capital on the loan able fund market in these Asian economies.
3. Analyze how the property rights affect a nation's standard of living.
4. In country A, among 2009 and 2013 GDP calculated in the current prices fell from $196 billion to $144 billion. Over the same period, the applicable price index fell from the 100 to 90. Discuss what was the percentage decline in the real GDP from 2009 to 2013?