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How might a country exchange rate influence the balance of payments?
Definition of the exchange rate; price of domestic currency in another (basket of) currency (currencies). Current account (trade and transfers) and capital account (net flows of investment, deposits etc). The link among a country s exchange rate and balance of payments is primarily to be found in current account; the currency also affects the price of goods and services for foreigners, thus a lower/higher price of the currency will affect demand for goods and services itemised under export revenue and import spending in the current account.
Arc Elasticity of Demand - Arc elasticity calculates elasticity over the range of prices - The formula of it is: * Arc Elasticity of Demand: An Example
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The least square method is based on the assumption that the past rate of change of the variable under study will continue in the future. It is a mathematical procedure for fitting
Difficulties in Measuring Cost 1) Output data may represent an aggregate of different type of products. 2) Cost data may not include opportunity cost. 3) Allocating c
Question 1: Tourism is often seen as a way of generating income, particularly foreign exchange. The economic spin-off effects are viewed as the most important aspect of touris
how do minimum units cost change with changes in fixed cost
Fluctuations in Growth Rates: Fluctuations in year-to-year growth rates in early stages were very marked, which indicated that the economy had failed to create conditions cond
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if sabela can afford 4 trousers and 4 pairs of shoes.she could also use her entire budget to buy 8 trousers and 2 pairs of shoes.if the price of a trouser is 500 birr,how much is s
What is Economics? Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h
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