In 2019 U.S. foreign assets are equal to 135 percent of U.S. GDP and U.S. foreign liabilities
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Question:
In 2019 U.S. foreign assets are equal to 135 percent of U.S. GDP and U.S. foreign liabilities are equal to 190 percent of U.S. GDP. Also, 70 percent of U.S. foreign assets are denominated in foreign currencies, and 100 percent of U.S. foreign liabilities are in USD. Calculate the impact of a ten percent USD depreciation on foreigners net foreign wealth measured in USD (as a percent of U.S. GDP).
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