When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.
<h3>What happens when there is a current account deficit?</h3>
A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.
What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.
This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.
In conclusion, there will be downward pressure.
Find out more on the current account at brainly.com/question/22333470
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Answer:
CLV = [(GC * r) / (1 + i - r)] - AC]
Explanation:
CLV is the customer lifetime value which is the calculation of net profit during the tenure of relationship with the clients and customers.
The formula for CLV calculation is :
CLV = [(GC * r) / (1 + i - r)] - AC]
Where,
GC is annual gross contribution,
r is retention rate of customers
i is discount rate
AC is Acquisition cost
<span>If you're likely to be dipping into some of that
money to fix the house, take a vacation, or buy holiday presents, don't
put too much into a long-term CD. Like savings, checking, and money market accounts, CDs are FDIC insured for up to $100,000
hope this helped XD ;)
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Answer:
I gotta read that whole thing dang hold on!
A 5 percent increase in the price of milk that results in a 2 percent decrease in the quantity of milk demanded yields a price elasticity of demand for milk of <u>"0.4".</u>
Price Elasticity of Demand (PED) is characterized as the responsiveness of amount requested to an adjustment in cost. The interest for an item can be versatile or inelastic, contingent upon the rate of progress in the interest regarding the adjustment in the cost.
Price Elasticity of Demand (PED) = percentage in Q.D / percentage change in price
by putting the given values in formula;
PED = 2/5 = 0.4
