Consider the following hypothetical data for an open economy (in millions): Assets owned inside the U. S. by U. S. citizens = $140, 000140,000
Assets owned outside the U. S. by U. S. citizens = $23,35723,357
Assets owned outside the U. S. by foreign citizens = $110,000110,000
Assets owned inside the U. S. by foreign citizens = $22,78622,786

The value of the International Investment Position (IIP) of the U. S. is $ nothing million.

$571 million

Explanation:

International Investment Position (IIP) is an Economic measure that is calculated to see the assets owned by the citizens of a country outside the country versus the assets owned by foreigners in the country in question. It is informally referred to as a nation's Balance Sheet with other countries.

It is calculated by;

Value of the International Investment Position of the US = Assets owned outside the US by the US citizens -  Assets owned inside the US for the foreign citizens

= 23,357 - 22,786

= $571 million

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