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.