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Assume you are a statistician living in the UK, and you just sold your newest sales forecasting model to a company in South Africa for
Assume you are a statistician living in the UK, and you just sold your newest sales forecasting model to a company in South Africa for R75,000. Determine the effects of this transaction on exports, imports, and net exports in the UK economy, and enter your results in the following table. If the direction of change is 'No change', enter '0' in the Magnitude of Change column. (Hint: The magnitude of change should always be positive, regardless of the direction of change.)
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