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1. You have the following extract of the consolidated balance-of-payment of the UK in millions of dollars: 2015 2016 2017 2018 Goods and services -184,408

1. You have the following extract of the consolidated balance-of-payment of the UK in millions of dollars: 2015 2016 2017 2018 Goods and services -184,408 -199,904 -203,947 -218,167 Credit 625,542 631,768 673,902 692,017 Debit 810,950 831,672 877,849 910,184 Based on the UK balance of trade, how is the supply of the British pound changing compared to demand? What does this indicate about the value of the pound? Justify your

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