Last year a country had exports of $100 billion, imports of $70 billion, and purchased $60 billion worth of foreign assets. What was the value of domestic assets purchased by foreigners

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amcool amcool · Answer 1 · 2022-05-04T11:50:47+02:00

The calculation below shows that the value of domestic assets purchased by foreigners is $30,000.

The value of domestic assets purchased by foreigners can be calculated using the following formula:

Domestic assets purchased by foreigners + Exports = Foreign assets purchased + Imports ………… (1)

Substituting the relevant values into equation (1) and solving for Domestic assets purchased by foreigners, we have:

Domestic assets purchased by foreigners + $100 billion = $60 billion + $70 billion

Domestic assets purchased by foreigners = $60 billion + $70 billion - $100 billion

Domestic assets purchased by foreigners = $130 billion - $100 billion

Domestic assets purchased by foreigners = $30 billion

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