Wealth of a Nation
Consumption 400
Capital gains on external wealth -11
Government spending 80
Capital gains on domestic capital stock 6
Gross national expenditure 630
Domestic assets exported to foreigners 200
National saving 315
Foreign assets imported by domestic agents 355
Net unilateral transfers 5
Answer the following questions accordingly.
a. What is the change in domestic wealth Smyrna experienced during 2007?
b. What is the current account balance of Smyrna at the end of 2007?
c. What is the financial account balance of Smyrna at the end of 2007?
d. What is the change in external wealth Smyrna experienced during 2007?
e. What is the capital account balance of Smyrna at the end of 2007?