Answer Happy

Q2C: Suppose that the price of sterling in terms of the dollar has risen over a 12 month period year. What would you expect the effects of that rise in the sterling dollar exchange rate to be on: (16 Marks, 2 Marks Each) (1) the volume of UK exports : (Your word limit for answering this question: 65 words) (ii) the value of UK exports: (Your word limit for answering this question: 60 words) (ili) the price of UK imports: (Your word limit for answering this question: 50 words) (iv) the volume of UK imports: (Your word limit for answering this question: 20 words) (v) the value of UK imports: (Your word limit for answering this question: 45 words) (vi) the general level of prices in the UK (Your word limit for answering this question: 75 words) (vil) the UK balance of trade : (Your word limit for answering this question: 25 words) (vill) the UK capital account. (Your word limit for answering this question: 50 words)