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Consider the economy of Opulenza. In Upulenza. domestic investment of $400 million earned $15 million in capital gains during 2009. Opulenzans purchased $160 million in
Consider the economy of Opulenza. In Upulenza. domestic investment of $400 million earned $15 million in capital gains during 2009. Opulenzans purchased $160 million in new foreign assets during the year; foreigners purchased $120 million in Opulenzan assets. Assume the valuation effects total $5 million in capital gains. Assume a value for the capital account of zero, so gifts of assets (KA) equals zero in the following transactions. 3. Compute the change in domestic wealth in Opulenza. I). Compute the change in external wealth for Opulenza 1:. Compute the total change in wealth for Opulenza. (I. Compute domestic savings for Opulenza. 9.. Compute Opulenza's current account. million million million million million
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