Pancraziland is an open economy, whose official currency is the pound. At the end of 2019, it had a net international investment position (NIIP) of 90 pounds. During 2020 it had a current account deficit of 10 pounds. What was the NIIP at the end of 2020? a. The information provided is not sufficient to answer the question b. 90 pounds O c. 100 pounds Od. 81 pounds e. 80 pounds

Pancraziland is an open economy, whose official currency is the pound. At the end of 2019, it had a net international investment position (NIIP) of 90 pounds. During 2020 it had a current account deficit of 10 pounds. What was the NIIP at the end of 2020? a. The information provided is not sufficient to answer the question b. 90 pounds O c. 100 pounds Od. 81 pounds e. 80 pounds

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer and Breif explantion
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