Reference no: EM132703673
1) We have the following data for a hypothetical open? economy:
GNP? = ?$9,000
Consumption? (C) = ?$7,500
Investment? (I) = ?$1,400
Government Purchases? (G) = ?$1,600
What is the value of the current account? balance? ?____
?(Enter your answer as an integer. Include a minus sign if necessary?).
2) Consider the following hypothetical data for an open economy? (in millions):
Assets owned inside the U.S. by U.S. citizens? = ?$150,000
Assets owned outside the U.S. by U.S. citizens? = ?$23,357
Assets owned outside the U.S. by foreign citizens? = ?$108,000
Assets owned inside the U.S. by foreign citizens? = ?$20,315
What is the value of the International Investment Position? (IIP) of the U.S. in million? ___ ?(Enter your answer as a whole number. Include a minus sign if? necessary.