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.
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.
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