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Please show your work! Assume the information below to answer the following questions about the land of POGO.Assume a 6% interest rate on all interest-bearing
Please show your work!
Assume the information below to answer the following questions about the land of POGO.Assume a 6% interest rate on all interest-bearing Pogo assets (assets issued by Pogo), and a 5% interest rate on Foreign assets (issued by Foreign).All figures below are listed in 'Pogo' dollars.B = Billion. RECORD YOUR ANSWERS ON BLACKBOARD WITHOUT THE DOLLAR SIGN OR B.
- POGO CONSUMER EXPENDITURES, 2020:$140B
- POGO INVESTMENT EXPENDITURES, 2020: $5B
- POGO GOVERNMENT EXPENDITURES, 2020: $25B
- EXPORTS OF MERCHANDISE GOODS & SERVICES TO FOREIGN, 2020: $5B
- IMPORTS OF MERCHANDISE GOODS & SERVICES TO FOREIGN, 2020: $18B
- POGO LABOR INCOME FROM ABROAD, 2020: $2B
- INCOME PAID TO FOREIGN WORKING IN POGO, 2020: $18B
- FOREIGN ASSETS OWNED BY POGO, START of 2020: $120B
- POGO ASSETS OWNED BY FOREIGN AT THE START of 2020: $150B
1.Pogo's international net worth at the start of 2020 is______
2.Based on the information from question 1,Pogo's international net worth at the start of 2021 is:
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