Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2019, Canadian investors purchased $50 billion in foreign assets, and foreigners purchased $100 billion in Canadian assets such as stocks and Treasury bills. In
In 2019, Canadian investors purchased $50 billion in foreign assets, and foreigners purchased $100 billion in Canadian assets such as stocks and Treasury bills. In addition, Canadian businesses invested $150 billion in foreign factories and operations, while foreign companies invested $100 billion in Canadian factories and operations. What was the net capital outflow for Canada?
Instructions: Enter your answer as a whole numberand include a negative sign, if necessary.
The net capital outflow for canada was $billion.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started