Suppose the US has gross foreign liabilities denominated in US dollars of 150 percent of GDP. It has gross foreign assets of 130 percent of GDP, but 70 percent of its assets are denominated in foreign currency and 30 percent are denominated in US dollars. 

 What happens to the US net foreign asset position if the dollar depreciates by 10 percent?

Answer rating: 100% (QA)

The US net foreign asset position is the difference between its gross foreign assets and gross forei... View the full answer