Question

ECONOMICS | 20 PTS
A developing country's economy is based on exporting raw materials to the
United States. The country sells raw materials for U.S. dollars and converts
them to its own currency at current exchange rates. The table shows these
exchange rates for the years 1990 to 2020.
Based on the graph, which conclusion best describes the country's economic
situation between 1990 and 2000?

Answer 1

Answer:

C

Explanation:

Answer 2

Based on what the graph tells us about the country's exchange rates, we can conclude that C. The country received less of its own currency when converting each U.S. dollar.

In 1990 to 2000:

• The country's currency exchanged for more dollars
• The country's currency became even more valuable that the dollar

As a result of the country's currency requiring more dollars to be exchanged in order to get one of it, we can infer that when the country uses dollars to change to its currency, it would get less of its currency because the dollar is weaker and can only buy a few of the currency.

In conclusion, between 1990 and 2000, the country received less of its currency per U.S. dollar.

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