Question: b (15 points) Use equations to support your answer to this question. Do not forget to explain your reasoning and to show how you came

 b (15 points) Use equations to support your answer to this

b (15 points) Use equations to support your answer to this question. Do not forget to explain your reasoning and to show how you came up with the equations you use. No credit without an explanation. For simplicity, ignore net international payments to employees and net unilateral transfers by assuming that they are always equal to zero. When the world interest rate is negative such that 1

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