Suppose the following transactions take place: (1) A U.S. book publisher sells $20,000 of books to a Chinese firm. The Chinese firm pays for the books by using its China-based credit card company; (2) Vlad, a Russian citizen working in New York, earned $6000 last year working at a factory owned by a U.S. company, and (3) BNP Paribas (a French bank) has just purchased 20% of outstanding stock in First Commercial Bank (a U.S. bank) for $200,000 million from Warren Buffet (a U.S. citizen). Warren Buffet takes the check and puts it in his U.S. bank account. What will these transactions do to net external wealth?

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The Answer of Suppose the following transactions take place: (1) A U.S. book publisher sells $20,000 of books to a Chinese firm. The Chinese firm pays for the books by using its China-based credit card company; (2) Vlad, a Russian citizen working in New York, earned $6000 last year working at a factory owned by a U.S. company, and (3) BNP Paribas (a French bank) has just purchased 20% of outstanding stock in First Commercial Bank (a U.S. bank) for $200,000 million from Warren Buffet (a U.S. citizen). Warren Buffet takes the check and puts it in his U.S. bank account. What will these transactions do to net external wealth?

Suppose the Following Transactions Take Place: (1) a U