Question

TABLE 13-3 International Investment Position of the United States at Year End, 2008 and 2009 (millions of dollars) Changes in position in 2009 Atributable to Type of investment Postion, 2008 Valuation adjustments Position, 2009 Financial flows Price changes Exchange rate changes Other changes Total (a+b+c+d) 522,929 276,730 -216,075 50.804 -165,271 172,452 19,103 153,349 276.730 1|Net International Investment position of the United States (Ines 2+3).............. 2 Financial derivatives, net (line 5less Ine 25) ...... Net International Investment position, excluding financial derivatives (line 6 less line 26)... U.S.-owned assets abroad (lines 5+6)..... Financial derivatives (gross positive fair value)... U.S. owned assets abroad, excluding fnancial derivatives lines 7+12+17)... 33 1,066,116 185,12 56,941 556,941 140,465 52256 48230 3,357 660 -541 342 1,938 1,936 -543278 ဆဆ ¥¥ &a 000 756,036 -31,701 787.737 865,791 -2615,443 1,749,652 110,072 56,941 48,474 3,702 956 -541,325 1,953 1,953 543,278 2,180,906 308,356 1,485 286 256,301 1228.985 -474 829.552 357,081 79,124 185,095 -27 247 255,694 1999&a88 &&& -3.493.882 159,635 -3,653,517 19,244,875 6127450 13,117,425 293,732 227,439 9,340 7,683 49.270 624,100 69,877 69,604 273 554222 12,199,593 3.742,835 3,985,712 1,237,284 2,748,428 794,699 3,676,347 22,738,757 5.967,815 16,770,942 3,939,998 3.264,139 2,400,516 863,623 40,577 252,608 382,674 12,830,944 2,521,353 850,921 4,620,798 2,770,606 1,850,192 301,139 731,539 3,806,194 1,009,178 -12 201 1,021 379 84,123 937 256 144,909 63,304 -124.A28 277087 27.269 228,425 8,404 13,859 -2,737 846 127 934 -2,865,780 18,379,084 3,512.007 14,867,077 403,804 284 380 57814 11 385 50225 82.775 71 830 71,557 273 10,944 14,380,499 4,051,191 5,470.998 1,493,585 3,977,413 794225 4,064,085 21,116,930 3,384,073 17,732,857 4,373,839 3,592,397 2,871,052 721 345 98.767 187457 495218 13,359,018 2,672786 826,192 5,287,163 2,841 236 2,445.927 313.771 665,477 3,593,629 115.550 U.S. official reserve assets..... ... .... .. .. Gold Special drawing nights.... . ..... Reserve position in the International Monetary Fund........ Foreign currencies. U.S. government assets, other than official reserve assets... U.S. credits and other long-term assets .. .......... . Repayable in dollars.... . . Other U.S. foreign currency holdings and U.S. short-term assets U.S. private assets...... ............. ..... Direct investment at current cost... Foreign securities Bonds Corporate stocks.. ... U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.... US claims reported by US banks and securities brokers, not induded elsewhere Foreign-owned assets in the United States (lines 25+26) Financial derivatives (gross negative fair value)... Foreign-owned assets in the Unites States, excluding financial derivatives (lines 27+34) Foreign official assets in the United States US Government securties.... .. ........... US Treasury securites.... Other Other U.S. Government liabilities ...... U.S. labil tes reported by US banks and securities brokers not included elsewhere Other foreign official assets........ Other foreign assets..... Direct Investment at current cost... ...... ... U.S. Treasury securities................ US securities other than U.S. Treasury securities. Corporate and other bonds........ Corporate stocks. U.S.currency. U.S. labies boundated foreigners reported by U.S. norbanking concerns U.S. Iabiles reported by US banks and securities brokers, not Induded elsewhere Memoranda: 43|Direct Investment abroad at market value.. . ....... 44 Direct Investment in the United States at market value....... 387,738 221.822 305,736 81.226 31,763 961,915 2824 441056 543,190 - 13,584 -104274 -62297 -11,977 1.708 470.536 -10,232 5,700 58,190 450,030 561,125 - 120,069 57.971 -70,851 21,854 -144 294 134,707 22.781 -136,296 138,355 -1460 -313,013 &&8588%8858899 90,690 556,774 -47.510 34,587 -5761 81,007 3,560 328.258 -142278 66,151 112,544 528,074 151.433 -24729 666,365 70,630 595,735 12,632 -66,062 -211,565 610045 56.261 56.261 0.665 OOOOO 12682 4,638 16,548 -69.240 84,900 3,103,704 2,552,572 268,680 134,707 737 062 422,683 194.222 -817 10,621 1,199,147 568,011 4,302 851 3,120,583 pProliminary 5. Refect changes in the vaded the oficial gold stock due to hetustions in the market price of gold be

Using the data in the “Memoranda” to Table 13-3, calculate the U.S. 2009 net international investment position with direct investments valued at market prices.

Answer 1

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Answer: The 2009 u.s. net international investment position with direct investment valued at corrent costs is $3493882 million. To find the net international investment position with direct investment valued at market prices, we simply substract the value vs. direct invernment abroad at corrent costs and add the value of us direct investment abroad at market prices Then add the value of foreign direct investment in the United States at corrent cost and Subtract the value of foreign direct investment at master prices: cost a particulars Net international Investment position at corrent - vs. direct investment abroad at current cost t us direct investment abroad at market prices & Foreign direct investment at worrent cost - Foreign dirat investment at market prices Amount --$3493882 = 3742835 = 3103704 - 2521333 = 2552572 Net international investment position at Market prices $4,64232