Let
𝑎
¯
𝑛
𝑥
=
−
0.02
(i.e., the U.S. is running a trade deficit in the long run) and
𝑅
¯
𝑤
=
𝑟
¯
. Using the values for
𝑎
¯
,
𝑏
¯
𝑖
,
𝑏
¯
𝑛
𝑥
, and
𝑅
𝑡
′
from the previous question, calculate
𝑁
𝑋
𝑡
𝑌
¯
𝑡
.

Submit your answer as a percentage and round it to the nearest tenth.

Question

Let 
𝑎
¯
𝑛
𝑥
=
−
0.02
 (i.e., the U.S. is running a trade deficit in the long run) and 
𝑅
¯
𝑤
=
𝑟
¯
. Using the values for 
𝑎
¯
, 
𝑏
¯
𝑖
, 
𝑏
¯
𝑛
𝑥
, and 
𝑅
𝑡
′
 from the previous question, calculate 
𝑁
𝑋
𝑡
𝑌
¯
𝑡
.

Submit your answer as a percentage and round it to the nearest tenth.

BlackTom AI · Accepted Answer

The question presents a numerical problem in which you must compute NX_tȲ_t as a percentage and round to the nearest tenth, given several parameters (ā, b̄_i, b̄_nx, R_t′) and the information that ā_nx = −0.02 (i.e., a long-run trade deficit). In addition, it references values from a previous question for some of the inputs.

However, there are no answer choices provided to analyze, so we cannot perform a choice-by-choice evaluation of correct vs. incorrect options. The typical process would be to:

- Step 1: Recall the exact formula or model relationship that defines NX_tȲ_t in terms of ā, b̄_i, b̄_nx, R_t′, and any other learned parameters from the prior question. This could involve a linear or modular expression where NX_tȲ_t is a function of these coefficients and the given deficit value −0.02, or of R_t′ and other state variables.
- Step 2: Substitute the known values from the prior question for ā, b̄_i, b̄_nx, and R_t′ into that formula. Ensure you are using consistent units and signs, and pay attention to any given reference values or normalization that might affect the calculation.
- Step 3: Carry out the arithmetic carefully, keeping track of the sign conventions (for example, a negative NX_t or a deficit may lead to a negative percentage result). 
- Step 4: Convert the final result into a percentage form if the model outputs a decimal fraction, and then round to the nearest tenth as required.
- Step 5: If the platform requires a particular formatting (for example, including a percent sign or using a specific rounding rule), apply that exactly after the numeric computation.

Because there are no answer options here, there is nothing to critique for being right or wrong beyond the general method. In a typical multiple-choice feed, you would compare the computed NX_tȲ_t percentage to each option, identify which one matches (within any tolerance the problem allows), and select that option. If you had a discrepancy, you would double-check the sign conventions, the units of each coefficient, and whether any value from the previous question was misread or misapplied.

If you can provide the numerical values from the prior question (the actual numbers for ā, b̄_i, b̄_nx, and R_t′) or share the explicit formula for NX_tȲ_t used in this course, I can walk you step-by-step through the exact calculation and confirm the rounded percentage result.

FA25 ECON 302 002 Homework #12 (International Finance)

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