Suppose a tiny island economy, myland, had a current account deficit of $200 in 2021 and the official part of the financ

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answerhappygod
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Suppose a tiny island economy, myland, had a current account deficit of $200 in 2021 and the official part of the financ

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Suppose a tiny island economy, myland, had a current account
deficit of $200 in 2021 and the official part of the financial
account was in a surplus of $100. Its capital account was in
balance. a. What was the overall level of financial account surplus
of myland in 2021? What was the non-reserve part of the financial
account? b. What happened to the country’s net foreign assets? c.
How did the central bank of myland foreign reserves change in 2021?
d. Suppose the national savings of this country was $80 in the same
year. What was the level of investment? (Assume that the net factor
income from abroad was zero.) e. Suppose the private savings was
$100. What was the level of government’s savings? Did the
government of myland have a budget deficit or surplus? please dont
send the wrong answer again and again!
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