Suppose, in 2020 a country's output was $300 billion, consumption was $200 billion and investment was $150 billion. Also during the year the country earned 6% return on $150 billion worth of foreign bonds. What was the country's foreign bond holding at the end of the year? Question 6 options: 109 -59 159 -41
Suppose, in 2020 a country's output was $300 billion, consumption was $200 billion and investment was $150 billion. Also during the year the country earned 6% return on $150 billion worth of foreign bonds. What was the country's foreign bond holding at the end of the year? Question 6 options: 109 -59 159 -41
Chapter20: Monetary Policy
Section: Chapter Questions
Problem 3SQP
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Question
Suppose, in 2020 a country's output was $300 billion, consumption was $200 billion and investment was $150 billion. Also during the year the country earned 6% return on $150 billion worth of foreign bonds. What was the country's foreign bond holding at the end of the year?
Question 6 options:
109
-59
159
-41
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