In the economy of Popania in 2014, total Popanian purchases of assets in the rest of the
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In the economy of Popania in 2014, total Popanian purchases of assets in the rest of the world equaled
$300 billion, purchases of Popanian assets by the rest of the world equaled $400 billion, and Popania exported goods and services equal to $350 billion. What was Popania’s balance of payments on financial account in 2014? What was its balance of payments on current account? What was the value of its imports?
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To calculate Popanias balance of payments on the financial account we need to subtract its purchases ...View the full answer
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