A nation's total external wealth is calculated as:
A) the sum of total assets minus total liabilities expressed in local currency.
B) total assets expressed in foreign currency minus total liabilities expressed in foreign currency.
C) the sum of total assets minus total liabilities expressed in foreign currency.
D) the sum of physical assets within the nation, domestic stock market capitalization, and government assets minus total liabilities.
Ans: A) the sum of total assets minus total liabilities expressed in local currency.
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