Pancraziland is an open economy, whose official currency is the pound. At the end of 2019, it had a net international investment position (NIIP) of 90 pounds. During 2020 it had a current account deficit of 10 pounds. What was the NIIP at the end of 2020? O a. The information provided is not sufficient to answer the question O b. 90 pounds c. 100 pounds O d. 81 pounds e. 80 pounds

Pancraziland is an open economy, whose official currency is the pound. At the end of 2019, it had a net international investment position (NIIP) of 90 pounds. During 2020 it had a current account deficit of 10 pounds. What was the NIIP at the end of 2020? O a. The information provided is not sufficient to answer the question O b. 90 pounds c. 100 pounds O d. 81 pounds e. 80 pounds

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 44P: Imagine that the U.S. economy finds itself in the following situation: a government budget deficit...

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