You are provided with the following hypothetical information regarding the real and financial assets in Canada for 2022 (numbers in $ billions):

What is the value of the net financial assets owned by non-residents for 2022?
A)$901 billion
B)$51 billion
C)$2,293 billion
D)There is not enough information to answer the question.

Question

You are provided with the following hypothetical information regarding the real and financial assets in Canada for 2022 (numbers in $ billions):

What is the value of the net financial assets owned by non-residents for 2022?
A)$901 billion 
B)$51 billion 
C)$2,293 billion 
D)There is not enough information to answer the question.

Quizplus · Accepted Answer

The net financial assets owned by non-residents can be calculated by subtracting the financial assets owned by Canadians abroad from the financial assets owned by non-residents in Canada. From the provided information, we know that the financial assets owned by Canadians abroad is $88 billion, and the financial liabilities owned by non-residents in Canada is $137 billion. Therefore, we can calculate the net financial assets owned by non-residents as follows:

Net financial assets owned by non-residents = Financial liabilities owned by non-residents in Canada - Financial assets owned by Canadians abroad
Net financial assets owned by non-residents = $137 billion - $88 billion
Net financial assets owned by non-residents = $49 billion

Therefore, the best choice is B.

You Are Provided with the Following Hypothetical Information Regarding the Real