1. The US retail sales amounted to $4.31 billion in 2012. What did retailers sell in 2018 if the average annual rise in sales was 2.58%? (.5 points) 2. The European money supply M1 rose from 1,982 billion euros in January 2000 to 8,293 billion euros in January 2019. What was the average growth rate in that 19-year period (compounded annually)? (1.5 points) 3. In January 2002 the Russian unemployment was 6.74 million persons, and in January 2019 it was 3.67 million. Give the average annual decline rate over the 17-year period (applying annual compounding). (1.5 points) 4. Apple iPhone XR 128GB selling in the US for $799, is selling in Moscow, Russia for 64,990 rubles. Given the current exchange rate 1 USD = 65.23 RUB, what should have been the Moscow price in accord with the rule of one price? What is the percentage difference between that ‘fair’ and actual prices? (1 point) 5. On April 17, 2018 the exchange rate between the Canadian dollar and the US dollars was 1 CAD = 0.796 USD. On April 5, 2019 the exchange rate was 1 CAD = 0.780 USD. Did the Canadian dollar appreciate or depreciate and by what percent? (1 point) 6. Find the exchange rate in terms of US dollars per British pound if on April 5, 2019 the exchange rate between the US dollar and the Mexican peso was 1 USD = 19.07 MXN, and between British pound and Mexican peso 1 GBP = 24.87 MXN. (1.5 points) 7. Russian transition from socialism to a free-market economy and its effects. (3 points) [Please type. Use at least 2 sources of literature beyond the text and PP files, with appropriate references.]