Suppose that at the end of 2008, the value of U.S.-owned assets abroad Is $13,75

Question

Suppose that at the end of 2008, the value of U.S.-owned assets abroad Is $13,755 billion, and the value of foreign-owned assets In the United States (which are U.S. liabilities) Is $16,295 billion. What Is the U.S. balance of International Indebtedness In 2008? Suppose that in 2009, the United States runs a current account deficit of $740 billion. If other factors did not affect the U.S. balance of international indebtedness, it would during 2009. Suppose that during 2009, the U.S. net external debt increases by $475 billion from the previous year. Given the current account balance, which of the following can explain this outcome? Check all that apply. Foreign-owned assets in the United States depreciated (lost value). U.S.-owned assets held abroad appreciated (gained value). The net borrowing of the United States was greater than its current account deficit. The U.S. current account deficit was greater than the country's net borrowing.

Explanation / Answer

Ans 1 - $2540 billion

Ans 2 - Remain the same

Ans 3 - The net borrowing of the United States was greater than its current account deficit.

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