ECON Macro Questions

QUESTION 1 Use the information below regarding the country of Pogo to answer the Questions 5 - 11. Assume an 8% interest rate on all interest-bearing Pogo assets (i.e., issued by Pogo) and a 5% interest rate on Foreign assets. All figures below are listed in billions of 'Pogo' dollars. ITEM FOR THE YEAR 2020 AMOUNT (in Billions) POGO CONSUMER EXPENDITURES $180 POGO INVESTMENT EXPENDITURES $25 POGO GOVERNMENT EXPENDITURES $22 MERCHANDISE EXPORTS TO FOREIGNERS $6 MERCHANDISE IMPORTS FROM FOREIGN $10 POGO LABOR INCOME FROM ABROAD $2 INCOME PAID TO FOREIGNERS WORKING IN POGO $9 INTEREST INCOME PAID TO POGO BY FOREIGNERS $3 INTEREST INCOME PAID TO FOREIGNERS BY POGO $2 POGO PHYSICAL CAPITAL STOCK BEGINNING 2020 $500 CAPITAL DEPRECIATION RATE 5% Pogo's international net worth at the start of 2020 is billion dollars. Record your answer without a dollar sign and in a fashion similar to that given in the table (e.g., 180 stands for 180 billion dollars). QUESTION 2 Pogo's Current Account for the year 2020 is _ billion dollars? Pogo is a _ (lending, borrowing) nation in international markets for the year 2020. Record your answer without a dollar sign. QUESTION 3 Pogo's international net worth at the start of 2021 is billion dollars? Record your answer without a dollar sign. QUESTION 4 percent of gross domestic investment I in 2020 is financed by foreign saving? Record your answer without a percent sign. QUESTION 5 Net investment for the year 2020 is billion dollars. Record your answer without a dollar sign.QUESTION 6 GNP of Pogo, 2020, is _ billion dollars? GDP of Pogo, 2020 is billion dollars? Record your answer without a dollar sign. QUESTION 7 Pogo's Physical Capital Stock at the beginning of the year 2021 is billion dollars? Record your answer without a dollar sign