Assume the information below to answer the following questions about the land of POGO. Assume a 2% interest rate on all interest-bearing Pogo assets (assets issued by Pogo), and a 4% interest rate on Foreign assets (issued by Foreign). POGO CONSUMER EXPENDITURES, 2020: $217B POGO INVESTMENT EXPENDITURES, 2020: $125B POGO GOVERNMENT EXPENDITURES, 2020: $25B TAXES COLLECTED BY THE POGO GOVERNMENT: $18B MERCHANDISE EXPORTS, GOODS & SERVICES TO FOREIGN, 2020: $45B MERCHANDISE IMPORTS, GOODS & SERVICES FROM FOREIGN, 2020: $65B POGO LABOR INCOME FROM ABROAD, 2020: $5B INCOME PAID TO FOREIGNERS WORKING IN POGO, 2020: $8B FOREIGN ASSETS OWNED BY PRIVATE CITIZENS OF POGO, START of 2020: $100B POGO ASSETS OWNED BY PRIVATE CITIZENS IN FOREIGN AT THE START of 2020: $50B RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE START OF 2020: $300B RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE END OF 2020 (START OF 2021): $305B THE CENTRAL BANK IN FOREIGN NEVER HOLDS POGO ASSETS. 1. Based on the information provided above, Private International Net Worth of Pogo Citizens at the start of 2021 is _________ billion dollars. 2. Based on the information provided above, Pogo's overall International Net Worth at the start of 2021 is _ billion dollars. 3. The fraction of Purchases of New Plant and Equipment (I) in Pogo financed by Foreign Saving is percent. 4. Pogo's GDP for 2020 is billion dollars 5. Pogo's GNP for 2020 is ____ billion dollars.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Question

Assume the information below to answer the following questions about the land of POGO. Assume a 2% interest rate on all interest-bearing Pogo assets (assets issued by Pogo), and a 4% interest rate on Foreign assets (issued by Foreign).

POGO CONSUMER EXPENDITURES, 2020: $217B
POGO INVESTMENT EXPENDITURES, 2020: $125B
POGO GOVERNMENT EXPENDITURES, 2020: $25B
TAXES COLLECTED BY THE POGO GOVERNMENT: $18B
MERCHANDISE EXPORTS, GOODS & SERVICES TO FOREIGN, 2020: $45B
MERCHANDISE IMPORTS, GOODS & SERVICES FROM FOREIGN, 2020: $65B
POGO LABOR INCOME FROM ABROAD, 2020: $5B
INCOME PAID TO FOREIGNERS WORKING IN POGO, 2020: $8B
FOREIGN ASSETS OWNED BY PRIVATE CITIZENS OF POGO, START of 2020: $100B
POGO ASSETS OWNED BY PRIVATE CITIZENS IN FOREIGN AT THE START of 2020: $50B
RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE START OF 2020: $300B
RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE END OF 2020 (START OF 2021): $305B
THE CENTRAL BANK IN FOREIGN NEVER HOLDS POGO ASSETS.

1. Based on the information provided above, Private International Net Worth of Pogo Citizens at the start of 2021 is _______________ billion dollars.

2. Based on the information provided above, Pogo's overall International Net Worth at the start of 2021 is _____________ billion dollars.

3. The fraction of Purchases of New Plant and Equipment (I) in Pogo financed by Foreign Saving is __________ percent.

4. Pogo's GDP for 2020 is __________ billion dollars

5. Pogo's GNP for 2020 is __________ billion dollars.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions