Consider the following information for the nation of Pogo for the year 2020:

Imports of Goods and Services by Pogo Citizens in 2020 = $45B

Exports of Goods and Services by Pogo Citizens in 2020 = $15B

Income paid to Foreign Citizens working in Pogo = $10B

Income earned by Pogo Citizens working in Foreign = $16B

Pogo citizens own $800B in Foreign assets at the start of 2020. These assets earn 5% interest over the course of the year.

Foreign citizens own $300B in Pogo assets at the start of 2020. These assets have an 8% rate of interest.

1.What is Pogo's International Net Worth at the Start of 2020?

2.Using the information provided in Q1,Pogo's initial status in international capital markets at the start of 2020 is:

a. Pogo is a debtor nation

b. Pogo is a creditor nation

3.Using the information provided in Q1,What is Pogo's merchandise trade balance (TA) for 2020? (The answer can be positive or negative).

4.Using the information provided in Q1, What is Pogo's factor income trade balance (FA) for 2020?

5. Using the information provided in Q1, What is Pogo'scurrent account trade balance(CA)for 2020?

6.Suppose Pogo's gross domestic product (GDP) in 2020 is $650B. What is Pogo's GNP for 2020?

7.Suppose purchases of new plant and equipment (I) in Pogo in 2020 is $64B. What percent of this new investment spending is, effectively, financed by Foreign?

8.What is Pogo's international net worth at the start of 2021?

please explain each question