Assume the information below to answer the following questionsabout the land of POGO. Assume a 2% interest rate on allinterest-bearing Pogo assets (assets issued by Pogo), and a 3%interest rate on Foreign assets (issued by Foreign). All figuresbelow are listed in ‘Pogo’ dollars. B = Billion.
POGO CONSUMER EXPENDITURES, 2020: $290B
POGO INVESTMENT EXPENDITURES, 2020: $125B
POGO GOVERNMENT EXPENDITURES, 2020: $25B
TAXES COLLECTED BY THE POGO GOVERNMENT: $18B
MERCHANDISE EXPORTS, GOODS & SERVICES TO FOREIGN, 2020:$45B
MERCHANDISE IMPORTS, GOODS & SERVICES FROM FOREIGN, 2020:$65B
POGO LABOR INCOME FROM ABROAD, 2020: $5B
INCOME PAID TO FOREIGNERS WORKING IN POGO, 2020: $12B
FOREIGN ASSETS OWNED BY PRIVATE CITIZENS OF POGO, START of 2020:$100B
POGO ASSETS OWNED BY PRIVATE CITIZENS IN FOREIGN AT THE START of2020: $50B
RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THECENTRAL BANK OF POGO AT THE START OF 2020: $298B
RESERVES OF FOREIGN NON-INTEREST BEARING ASSETS HELD BY THECENTRAL BANK OF POGO AT THE END OF 2020 (START OF 2021): $303B
THE CENTRAL BANK IN FOREIGN NEVER HOLDS POGO ASSETS.
1) What is Pogo's international new worth at the start of 2020in billion of dollars?
2)Based on the information provided above, Pogo is a creditor ordebtor nation at the start of 2020.
3) Based on the information provided above, what is Pogo's netfactor income from international trade (FA) for 2020 in billion ofdollars?
4) Based on the information provided above, what is Pogo'scurrent account (CA) for 2020 in billion of dollars?
5)Based on the information provided above, what is the privateinternational new worth of Pogo citizens at the start of 2021 inbillion of dollars?
6) Based on the information provided above, what is Pogo'soverall international net worth at the start of 2021 in billion ofdollars?
7) What is the fraction of purchases of new plant and equipmentin pogo financed by foreign savings?
8) What is Pogo's GDP for 2020 in billion of dollars? 9) What isPogo's GNP for 2020 in billion of dollars?
Assume the information below to answer the following questions about the land of POGO. Assume a 2% interest rate on all
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