Complete the following statement:When the pound appreciates, import expenditure will and export revenue will . This will the UK current
Question
Solution 1
When the pound appreciates, import expenditure will decrease and export revenue will decrease. This will worsen the UK current account balance.
Here's why:
- When the pound appreciates (increases in value relative to other currencies), it becomes more expensive for foreign countries to buy UK go Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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