Answer:
The cyclical indicator is extensively used as a business cycle analysis tool, employs a series of variables which tend to anticipate, coincide with or lag behind the movements of economic activity to indicate the phases of the business cycle.
Explanation:
Answer: have control over
Explanation:
Responsibility accounting is a system of accounting whereby responsibility centers are identified and the performance reports of such responsibility centers are prepared and analysed.
Responsibility accounting has to.do with the internal accounting for the responsibility center that the company has and their budgeting.
In responsibility accounting, unit managers are evaluated only on things that they can control or have control over.
When the local currency falls in value, imports become more expensive, causing locals to purchase fewer imported goods. Exports, on the other hand, are less expensive to international buyers, so their demand rises. Fewer imports and more exports will reduce the trade deficit and may even result in a surplus.
<h3>What is
trade deficit?</h3>
The difference in the monetary value of a country's exports and imports over a given time period is known as the balance of trade, commercial balance, or net exports. A distinction is sometimes made between a trade balance for goods and one for services.
The net-export effect works as follows: A higher price level raises the relative cost of domestic exports to other countries while lowering the relative cost of foreign imports from other countries. As a result, exports fall while imports rise, resulting in a drop in net exports.
The net export variable is critical in calculating a country's GDP. A trade surplus boosts the country's GDP.
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