In 2010 the country of Ikonomia has a current account deficit of $2 billion and a non-reserve financial account surplus of $750 million. Ikonomia's capital account is in a S500 million surplus. In addition, Ikonomian factors located in foreign countries earn S900 million. Ikonomia has a trade deficit of $1 billion. Assume Ikonomia neither gives nor receives unilateral transfers. Ikonomia s GDP is $10 billion. a. What happened to Ikonomia's net foreign assets during 2010? Did it acquir e or lose foreign assets during the year?
b. Calculate the official settlements balance. Based on this number, what happened to the central bank's (foreign) reserves?
c. How much income did foreign factors of production earn in Ikonomia
d. Calculate NFIA
e. Calculate lkonomias GNE, GNI, and GND! during 2010?

What are ways individuals may reduce their total education and training costs?

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Describe what fixed costs and marginal costs mean to a company.