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Assume the information below to answer the following questions about the land of POGO. Assume a 5% interest rate on all interest-bearing Pogo assets
Assume the information below to answer the following questions about the land of POGO. Assume a 5% interest rate on all interest-bearing Pogo assets (assets issued by Pogo), and a 4% interest rate on Foreign assets (issued by Foreign). All figures below are listed in 'Pogo' dollars. B = Billion. RECORD YOUR ANSWERS ON BLACKBOARD WITHOUT THE DOLLAR SIGN OR B, and without a lot of zeros. In other words, 140 represents $140B. POGO CONSUMER EXPENDITURES, 2020: $400B POGO INVESTMENT EXPENDITURES, 2020: $80B POGO GOVERNMENT EXPENDITURES, 2020: $25B TAXES COLLECTED BY THE POGO GOVERNMENT: $18B MERCHANDISE EXPORTS, GOODS & SERVICES TO FOREIGN, 2020: $35B MERCHANDISE IMPORTS, GOODS & SERVICES FROM FOREIGN, 2020: $65B POGO LABOR INCOME FROM ABROAD, 2020: $15B INCOME PAID TO FOREIGNERS WORKING IN POGO, 2020: $8B FOREIGN ASSETS OWNED BY PRIVATE CITIZENS OF POGO, START of 2020: $25B POGO ASSETS OWNED BY PRIVATE CITIZENS IN FOREIGN AT THE START of 2020: $40B . RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE START OF 2020: $300B RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THE CENTRAL BANK OF POGO AT THE END OF 2020 (START OF 2021): $295B . THE CENTRAL BANK IN FOREIGN NEVER HOLDS POGO ASSETS. QUESTION 1. Pogo's international net worth at the start of 2020 is billion dollars. QUESTION 2. Based on the information provided above, Pogo is a (creditor, debtor) nation at the start of 2020. (choose one). QUESTION 3. Based on the information provided above, Pogo's net factor income from international trade (FA) for 2020 is billion dollars. QUESTION 4. Based on the information provided above, Pogo's current account (CA) for 2020 is billion dollars. QUESTION 5. Based on the information provided above, Private International Net Worth of Pogo Citizens at the start of 2021 is billion dollars. QUESTION 6. Based on the information provided above, Pogo's overall International Net Worth at the start of 2021 is billion dollars. QUESTION 7. The fraction of Purchases of New Plant and Equipment (1) in Pogo financed by Foreign Saving is percent. QUESTION 8. Pogo's GDP for 2020 is QUESTION 9. Pogo's GNP for 2020 is billion dollars. billion dollars.
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