The definition of total external net wealth is:
A) the value of buildings, bank deposits, and monetary gold.
B) the value of a nation's foreign assets minus the value of a nation's foreign liabilities.
C) the value of stocks sold daily on international exchanges.
D) minerals and oil reserves owned by a nation but located in another nation.

Question

Quizplus · Accepted Answer

Total external net wealth is calculated as the value of a nation's foreign assets minus the value of a nation's foreign liabilities. This represents the difference between what a nation owns abroad and what it owes to foreign entities. It is a measure of a nation's financial position in the international economy. The other choices are not relevant to the calculation of total external net wealth.

The Definition of Total External Net Wealth Is