Consider the following hypothetical data for an open economy (in millions): Assets owned inside the U. S. by U. S. citizens = $140 comma 000140,000 Assets owned outside the U. S. by U. S. citizens = $23 comma 35723,357 Assets owned outside the U. S. by foreign citizens = $110 comma 000110,000 Assets owned inside the U. S. by foreign citizens = $22 comma 78622,786 The value of the International Investment Position (IIP) of the U. S. is $nothing million. (Enter your answer as a whole number. Include a minus sign if necessary.)

The value of the International Investment Position (IIP) of the U.S. is $23,357 million.

Explanation:

a) Calculation of the IIP:

                                                                               Inside U.S.    Outside U.S.

Assets owned outside the U.S. by U.S. citizens = $23,357

Assets owned inside the U.S. by foreign citizens =                    $22,786

The value of the International Investment Position (IIP) of the U.S. is $23,357 million

The NIIP (or net IIP) = $571 million ($23,357 million - $22,786 million).

b) The International Investment Position (IIP) is a statistical statement that shows at a point in time the value of financial assets of residents of an economy that are claims on nonresidents and the liabilities of residents of an economy to nonresidents.

c) A net international investment position (NIIP) can be viewed as a nation’s balance sheet with the rest of the world at a specific point in time, in that it measures the gap between a nation’s stock of foreign assets and foreigner's stock of that nation's assets.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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