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Here are some statistics for the country of Pogo for the year 2017. -Consumer Expenditures:1050M -Firm...

Here are some statistics for the country of Pogo for the year 2017.

-Consumer Expenditures:1050M

-Firm purchases of new plan and equipment: 140M

-Government Purchases: 200M

-Exports of merchandise goods: 75M

-Imports of merchandise goods: 100M

-Interest earned on assets owned by Pogo located abroad: 12M

-Interest paid on assets owned by foreign located in Pogo: 9M

-Wages paid to pogoeans working in foreign: 6M

-Wages paid to foreigners working in Pogo: 15M

-Interest Rate on Pogo assets: 3%

-Interest rate of foreign assets: 5%

a. compute pogo's current account for 2017. explain and show your work. what is pogo's status in international capital markets for the year 2017?

b. compute pogo's international net worth at the end of 2017? explain and show your work.

c. compute pogo's GDP for 2017. show your work.

d. compute pogo's GNP for 2017. show your work.

e. show that in 2017, pogo's national saving - investment = pogo's current account 2017

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Answer #1

In order to find a company's net worth. You just need to subtract Total assets to total liabilities.

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