Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN: 9781337091985
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Suppose in 2021 the Home country imported $600 million in foreign assets and exported $200 in foreign assets. The rest of the world imported $600 million in Home assets and exported (to Home) $200 million in Home assets. Suppose Home's capital account was zero and valuation effects during the year amount to $50 million in
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