I just need correct answer of last part with explanation. Please solve only E part. Balance of Payments The year is 2018. Debtland’s GDP is $650 billion. Debtland has a current account deficit of $42 billion. Debtland’s capital account is in a $12 billion surplus. In addition, Debtland factors located in foreign countries earn $17 billion. Debtland has a trade deficit of $33 billion. Assume Debtland neither gives nor receives unilateral transfers, and assume that there are no capital gains on external wealth. a. What was the change in Debtland’s external wealth (W) during 2018? b. Compute Debtland’s net factor income from abroad (NFIA). c. How much income did foreign factors of production earn in Debtland (IMFS)? d. Compute Debtland’s gross national expenditure (GNE), gross national income (GNI), and gross national disposable income (GNDI). e. If Debtland’s external wealth was –$150 billion at the end of 2017, what was it at the end of 2018.
I just need correct answer of last part with explanation.
Please solve only E part.
Balance of Payments
The year is 2018. Debtland’s GDP is $650 billion. Debtland has a current account
deficit of $42 billion. Debtland’s capital account is in a $12 billion surplus. In
addition, Debtland factors located in foreign countries earn $17 billion. Debtland has
a
transfers, and assume that there are no
a. What was the change in Debtland’s external wealth (W) during 2018?
b. Compute Debtland’s net factor income from abroad (NFIA).
c. How much income did foreign factors of production earn in Debtland (IMFS)?
d. Compute Debtland’s gross national expenditure (GNE), gross
(GNI), and gross national disposable income (GNDI).
e. If Debtland’s external wealth was –$150 billion at the end of 2017, what was
it at the end of 2018.
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