******Use the following external liabilities and assets End-2014 US external liabilities = $29,517,429 million; End-2014 US external assets = $24,144,775 million******

foreign currency. 9. This question asks you to compute valuation effects for the United States in 2015, using the same methods mentioned in the chapter. Use the bea.gov website to collect the data needed for this question: look under the International heading. 10. Visit the BEA's balance of payments data o page and obtain the U.S. balance of payments for 2015 in billions of dollars. Be sure to get the correct year, and annual data, not quarterly. Visit the BEA's net international investment position data page and obtain the U.S.net international investment position for end 2014 to end 2015. ch effects. What were end-2014 U.S. external You may now assume that the U.S. dollar depreciated by 10% against major currencies in 2015, and use this average to estimate valuation liabilities? If 5% of these liabilities were in foreign currency and were subject to a 10% exchange rate appreciation, what decrease in U.S. external wealth resulted? h. What were end-2014 U.S. external assets? If 65% of these assets were subject to a 10% exchange rate appreciation, what increase in U.S. external wealth resulted? i. Using the answers to parts (g) and (h), what was the 2014 U.S. valuation effect due to exchange rate changes according to your rough calculation? Is it close to the BEA figure in part (1)? foreign currency. 9. This question asks you to compute valuation effects for the United States in 2015, using the same methods mentioned in the chapter. Use the bea.gov website to collect the data needed for this question: look under the International heading. 10. Visit the BEA's balance of payments data o page and obtain the U.S. balance of payments for 2015 in billions of dollars. Be sure to get the correct year, and annual data, not quarterly. Visit the BEA's net international investment position data page and obtain the U.S.net international investment position for end 2014 to end 2015. ch effects. What were end-2014 U.S. external You may now assume that the U.S. dollar depreciated by 10% against major currencies in 2015, and use this average to estimate valuation liabilities? If 5% of these liabilities were in foreign currency and were subject to a 10% exchange rate appreciation, what decrease in U.S. external wealth resulted? h. What were end-2014 U.S. external assets? If 65% of these assets were subject to a 10% exchange rate appreciation, what increase in U.S. external wealth resulted? i. Using the answers to parts (g) and (h), what was the 2014 U.S. valuation effect due to exchange rate changes according to your rough calculation? Is it close to the BEA figure in part (1)