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Question: suppose the us foreign assets are 70 percent of the...

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Suppose the U.S. foreign assets are 70 percent of the U.S. GDP, and the U.S. foreign liabilities are 99 percent of the U.S. GDP. Moreover, suppose that 62 percent of U.S. foreign assets are denominated in foreign currencies, while all liabilities to foreigners are denominated in U.S. dollars How will a 15 percent depreciation of the dollar affect foreigners net foreign claims on the U.S. measured in U.S. dollars (as a percent of U.S. GDP)? (You will need a calculator. Round your answer to the whole percentage point, no decimals.) Foreigners will experience a net capital loss gain

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