Question
Suppose that an economy starts with a net foreign asset to GDP ratio (NFA/Y) equal to -0.3. After one year, the ratio of net exports
Suppose that an economy starts with a net foreign asset to GDP ratio (NFA/Y) equal to -0.3. After one year, the ratio of net exports to output has been 0. What will the NFA/Y ratio become after this year due to this effect? Give your answer with two decimal places.
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Valuing The Earth, Economics, Ecology, Ethics
Authors: Herman E Daly, Kenneth N Townsend
2nd Edition
0262540681, 9780262540681
