4 "Imports of goods and services (% of GDP).". By definition, a net importer runs acurrent accountdeficit. 25 (Billions of dollars) What does a zero with 2 slashes mean when labelling a circuit breaker panel? A nation's net exports number is a straightforward calculation: The value of its total exports minus the value of its total imports equals its net exports. d. more expensive relative to foreign goods, which makes exports fall and imports rise. Economics Stack Exchange is a question and answer site for those who study, teach, research and apply economics and econometrics. As a result, net exports increase. net capital outflow falls and its net exports rise. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. change from an increase in foreign demand for products made in country A) only cause changes in the exchange rate and not in the net amount of A's currency available for exchange. 70 Explain how a change in interest rates can lead to changes in net exports? The U.S. has its biggest trade deficit, not surprisingly, with China, and that deficit increased by $31.6 billion in 2022, to $382.9 billion. c. U.S. imports, U.S. interest rates, the real exchange rate of the dollar You can help Wikipedia by expanding it. First week only $4.99! WebBecause of the relationship between net capital outflow and net exports, the level of net capital outflow at the equilibrium real interest rate implies that the economy is experiencing (balanced trade, a trade surplus). `"Net Exports & Net Capital Outflow" = S - I `, Mankiw, N. Gregory. In an open economy, a. net capital outflow = imports. Income summary \quad Interim financial statements \quad Dividends. Introduction to the foreign-currency exchange market In an open economy, what is the source of supply in the foreign-currency exchange market? 4 \hline\text { Sales } &\$3,648,000\\ 55 ", World Bank. "Chapter 19: How Policies and Events Affect An Open Economy. Because of this, a country's government or central bank of an exporting country may employ monetary policy tools if the currency starts to rise in global markets. 35 What is its supply of loanable funds? net capital outflow falls and its net exports rise. Trade barriers such as quotas, tariffs, and other taxes are designed to stifle international trade and encourage domestic production. Next, use the orange points (square symbol) to plot the supply of loanable funds. c. negative, so foreign assets bought by Americans are greater than American assets bought by foreigners. Total (a French oil multinational) buys ownership and exploration rights to oil fields in National Saving Definition, Benefits, and Examples, Balance of Trade (BOT): Definition, Calculation, and Examples, Absolute Advantage: Definition, Benefits, and Example, Aggregate Demand: Formula, Components, and Limitations, U.S. International Trade in Goods and Services, December and Annual 2022. Investment and net capital outflow C. Net capital outflow D. Net exports Expert Answer 100% (1 rating) 1st step All steps Final answer Step 1/1 & 200,500 & \\ \hline & & \\ Justify the answer with your own word and examples. \text { Intercept } & 25.8264 & 15.9081 & 35.7447 \\ One issue is that the value of currencies change with demand and this causes the value of the products If consumers choose to purchase good from an international country, the currency's value will rise based on demand and increase the cost of the product. 40 A product should cost the same in Europe and the US after the exchange rate is calculated. WebNet capital outflow refers to the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners. Domestic Investment Companies that export also spread business risk by diversifying into multiple markets. What is its supply of loanable funds? MathJax reference. How net capital outflow is equal to net exports suppose I export a car to US and in return i got few thousand dollars then instead of acquiring any asset abroad i decided to bring money back to my home country by exchanging dollar with local currency. Exports are those products or services that are made in one country but purchased and consumed in another country. This problem has been solved! 10 Salessalary(fixedannualamount). Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Prepare a flexible budget performance report for 2010. \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & \$ 1,185,000& \\ What screws can be used with Aluminum windows? 45 The government has proposed Rs1,289 billion for the defence budget for the year 2020-21, 5.1% more compared to last years revised defence estimates of Rs1,227 billion for the year 2019-20. (Percent) Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. The best answers are voted up and rise to the top, Not the answer you're looking for? & \text { Coefficients } & \text { Lower 95\% } & \text { Upper } 95 \% \\ Effects of a government budget deficit That encourages positive net exports. 50 If a nation's currency is weak in relation to other currencies, the goods available for export become more competitivein international markets as their prices are relatively less expensive to the retail customer. WebNet capital outflow and net exports An open economy interacts with the 'rest of the world through involvement in world financial markets, and also world markets for goods and services. The government budget deficit leads to reduced national saving, causing the interest rate to increase, and reducing net capital outflow. This means that ( National saving will increase/ national saving will decrease/ Domestic investment will increase / domestic investment will decrease) which leads to ( an increase in the supply of / a decrease in the supply of / an increase in the demand for/ a decrease in the demand for) loanable funds. d. could be greater than, less than, or equal to net exports. 10 In Model 222 the parameter 6\beta_66 represents the effect on mean demand of advertising campaign CCC compared to advertising campaign BBB. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Here, for example, the South China Morning Post is reporting on China's capital outflows, which remain persistent amid growing appetite for foreign assets. "U.S. International Trade in Goods and Services, December and Annual 2022. If U.S. net exports are negative, then net capital outflow is, b. foreigners want to buy fewer U.S. bonds. Net Capital Outflow follow RED ARROWS for the order of the questions (IT IS PART OF THE SAME QUESTION!!!!!) 6 5 A country that enjoys net exports brings in more money from goods and services sold overseas than it spends on importing goods and services. \hline \text { Utilities }(\$ 45,000 \text { is variable) } \ldots . Assume that the economy is currently experiencing a balanced government budget. Learn more about Stack Overflow the company, and our products. Demand in the market for foreign-currency exchange comes from net exports so these markets are definitely linked. A poll for the presidential campaign sampled 491 potential voters in June. . Suppose you are Japanese and you sold your Japanese-made car for say $\$15,000$, You now own $\$15,000$ of a foreign financial asset you did not have before, whether a debt from a US company or individual or US cash or a bank deposit. 4 Balance of trade is the difference between the value of a country's exports and the value of its imports; it is the largest component of a country's balance of payments. Domestic Investment Net Capital Outflow Assume that the economy is currently experiencing a balanced government budget. 7 WebSince every international transaction involves an exchange of an asset for a good or service, an economys net capital outflow (NCO) always equals net exports (NX). a. domestic investment and net capital outflow both rise. SurveySeptemberOctoberEarlyNovemberPre-ElectionDayMarginofError.04.03.02.01. A weak currency exchange rate makes a nation's exports more competitive in price in other countries. Sorry, JavaScript must be enabled.Change your browser options, then try again. The data were collected over a normal 12-hour shift one day. Which of the following is correct? b. net capital outflow rises and its net exports fall. Finally, use the black point (cross symbol) to indicate the equilibrium in this market. 2023 Capital Com SV Investments Limited. These include white papers, government data, original reporting, and interviews with industry experts. Voter Intent. The data are shown in the table at the right. c. is always equal to net exports. The data is tracked and reported on a monthly basis by the U.S. Census Bureau. Thus, changes in the demand for A's currency (e.g. Kindly answer this question as soon as you can Taxes (T) = 250 \end{aligned} 5 Analyze and interpret both the (a) sales variance and (b) direct materials variance. Fixed Budget Report The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.Past performance is no guarantee of future results. What Is GDP and Why Is It So Important to Economists and Investors? The demand for loanable funds comes from domestic investment and net capital outflow. net capital outflow and net exports fall. If a country raises its budget deficit, then its a. It is based on an expected production and sales volume of 15,000 units. b. Because of the relationship between net capital outflow and net exports, the level of net capital outflow at the equilibrium real interest rate implies that the economy is experiencing___________ .Now, suppose the government is experiencing a budget deficit. A country exports when it has a comparative advantage in a product or an ability to produce a particular product or service at a loweropportunity costthan its trading partners. \ldots . 35 Consider a hypothetical open economy. Assume a planning value of p=.50p^*=.50p=.50 and a 95%95 \%95% confidence level. 3. 5 InterceptX4X3X3SQX4X3DBDCCoefficients25.6126969.05876.53770.58441.15650.21370.3818Lower95%15.69602.78719.80900.31582.09920.08510.2551Upper95%35.529415.33023.26640.85310.21370.34230.5085, CoefficientsLower95%Upper95%Intercept25.826415.908135.7447X49.058682.787115.3302X36.53779.80903.2664X3SQ0.584440.31580.8531X4X31.15652.09920.2137DA0.21370.34230.0851DC0.168090.03630.2999\begin{array}{lrrr} Assume that the economy is currently experiencing a balanced government budget. HERE ARE THE OPTIONS FOR THE BLANKS: Supply in the market for foreign-currency exchange comes from net capital outflow. -10 \text { X3 } & -6.5377 & -9.8090 & -3.2664 \\ S = NCO The following graph shows the demand curve in the foreign-currency exchange market. Net Exports must always be equal to Net Capital Outflow. WebNet capital outflow and net exports An open economy interacts with the rest of the world through involvement in world financial markets, and also world markets for goods and services. However, other currency units are available (e.g. If the population is not normal, what can we do? When the net capital outflow (NCO) is positive, domestic residents are buying more foreign assets than foreigners are purchasing domestic assets. Domestic Investment NCO-20-15-10-5051015201086420REAL INTEREST RATENET CAPITAL OUTFLOW (Billions of dollars) Correct Answer Points: 1 / 1. around the world. \text { X3SQ } & 0.58444 & 0.3158 & 0.8531 \\ WebDespite the fact that this involvement often results in an imbalance in these markets, the following identity must hold: Net Capital Outflow = Net Exports That is, any; Question: 4. 0 50 A net importer is an entity, usually a country, that buys more from other entities (countries) than it sells to them over a given period of time. (Percent) Finally, use the black point (cross symbol) to indicate the equilibrium in this market. Asking for help, clarification, or responding to other answers. Finally, use the black point (cross symbol) to indicate the equilibrium in this market. What happens to Canadian net capital outflow, Canadian private saving, and Canadian domestic investment? Net capital outflows take two main forms: foreign direct investment, which implies active management of the asset or interest acquired; and portfolio investment, which requires no role at all in management. 40 The net exports of a country are the value of its exports minus the value of its imports. When net exports increase, so does aggregate demand. (If you don't recall buying any products made in Luxembourg lately, you should know that its main trading partners are Germany, France, and Belgium, and it exports many products including steel and machinery, diamonds, chemicals, and food). Thinking about how national savings and investment relate to capital flows. -5 Broadly speaking, capital outflow is considered undesirable for a country as it tends to result from political or economic instability. b. net exports but not net capital outflow. Net Capital Outflow: The calculator returns the net capital outflow in U.S. dollars. The reverse is true if the nation's currency value rises. The NCO curve gets a negative slope because an increased interest rate domestically means an incentive for savers to save more at home and less abroad. d. net capital outflow and net exports fall. 0 This relationship is often summarized by graphing the NCO curve with the quantity of country A's currency in the x-axis and the country's domestic real interest rate in the y-axis. -15 45 Begin with the open economy financial market in equilibrium. Given the information in the preceding table, use the blue points (circle symbol) to plot the demand for loanable funds. The U.S. trade deficit as a percentage of GDP for 2022. The following graph shows the demand curve in the foreign-currency exchange market. Can any one clear my confusion? The formula for determining a nation's net export number is a simple one: Net Exports = Value of total exports - Value of total imports. WebNet capital outflow a. is always greater than net exports. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. For a country to be a net exporter, it must have products or raw materials that overseas buyers desire and the capacity to deliver them at a cost that is low enough to entice foreign consumers to import them rather than buying a domestic alternative. To invest people need to save, by saving they are building a supply of funds available to investment, this increases the net capital outflow. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. The nation is sending its money abroad and leaving itself vulnerable to economic colonization. 25 40 In other words, the government budget deficit increases. A positive net export number indicates a trade surplus, while a negative number means a trade deficit. And similarly, Government decreases the interest rate due to COVID-19 so explain what impact on consumption, investment and interest rate. The net exports number is a component of a nation's GDP. In equilibrium a country has a net capital outflow of $200 billion and domestic investment of $150 billion. What two factors determine the amount of competition a seller faces? The United States is a net importer, purchasing many of its consumer products and raw materials from countries like China and India because those nations can produce them more cheaply. Analysis component. The term exchange rate refers to the situation under which a particular, A: "Since you have asked multiple questions, we will answer only first question for you if you have any, A: Exchange rate refers to the value of one currency in terms of another currency. Connect and share knowledge within a single location that is structured and easy to search. a. Since 1950 a. U.S. exports and U.S. imports each have increased slightly. NCO is one of two major ways of characterizing the nature of a country's financial and economic interaction with the other parts of the world (the other being the balance of trade). \hline\text { Cost of goods sold }\\ ShippingSalessalary(fixedannualamount).GeneralandadministrativeexpensesAdvertisingexpenseSalaries.EntertainmentexpenseIncomefromoperations$3,648,000$1,185,000278,00063,000300,000200,500210,00087,500118,000268,000132,000241,00093,5000,0002,236,5001,411,500474,000466,500$471,000. It includes trade in goods, A: Answer: 65 This means that ( National saving will increase/ national saving will decrease/ Domestic investment will increase / domestic investment will decrease) which leads to ( an increase in the supply of / a decrease in the supply of / an increase in the demand for/ a decrease in the demand for) loanable funds. Browse other questions tagged, Start here for a quick overview of the site, Detailed answers to any questions you might have, Discuss the workings and policies of this site. Principles of Economics (MindTap Course List), Managerial Economics: A Problem Solving Approach. The three types of, A: Given that i=4%, and i*=2% and domestic currency depreciate by 3%. A net exporter, by definition, run 25 3 45 The greater the trade barriers, both at home and internationally, the harder it is to export. Yet the United States hasboth the world's largest deficit and its largest gross domestic product (GDP). \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & \$ 975,000 & \\ \hline \text { Machinery repairs (variable cost) . } & 60,000 & \\ One way to look at a trade deficit is to see it as an indication that a nation's citizens can consume more than they produce. \hline \text { Salaries } . The following table presents data on the relationship between various real interest rates and national saving, domestic investment, and net capital outflow in this economy, where the currency is the U.S. dollar. d. foreign citizens want to by fewer U.S. bonds. Examples are many. 60 WebNet exports Exports Net capital outflow Investment and net capital outflow 2. This will cause the domestic price to increase as part of the cycle. Note:The values are in U.S. dollars (USD). AE=Aggregate Expenditure 45 20 7 b. U.S. supply of loanable funds, U.S. interest rates, U.S. domestic investment. Question relate to the amount of competition a seller faces. 10 \hline \text { Direct labor . } & 278,000 & \\ a. and the quantity of dollars traded rises. This relationship is often summarized by graphing the NCO curve with the quantity of country A's currency in the x-axis and the country's domestic real interest rate in the y-axis. 2 \ldots . For 2021, the latest year in the World Bank's report, the U.S. had net exports totaling 10.9% of GDP while it had net imports of 14.6% of GDP. (Billions of dollars) A positive NCO means that the country invests outside more than the world invests in it. China is rich in rare earth minerals. -10 (Billions of dollars) \hline \text { Direct labor . } & 225,000 & \\ Real Interest Rate \text { DB } & 0.2137 & 0.0851 & 0.3423 \\ The details are more complicated. U.S. Census Bureau. d. None of the above is correct. call +44 2030978888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. National Saving 30 20 Countries produce goods based on the resources and skilled labor capacity that they have available. Some countries enjoy an absolute advantage in certain products, particularly in raw materials or natural resources. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. On the other side, there is a political hazard ahead for nations running big deficits. \hline \text { Utilities }(\$ 45,000 \text { is variable) } \ldots . Real Interest Rate However, this can be automatically converted to other currencies via the pull-down menu. Now, suppose the government is experiencing a budget deficit. 5 It either adds to GDP, if it is a positive number, or decreases its GDP, if it is a negative number. Planning value of its exports minus the purchase of foreign assets by foreigners economic. So Explain what impact on consumption, investment and net capital outflow: the are... For loanable funds money rapidly due to COVID-19 so Explain what impact consumption! Campaign sampled 491 potential voters in June & 278,000 & \\ real interest rate however this. \\ real interest rate due to leverage, Mankiw, N. Gregory absolute advantage certain! Plot the demand for loanable funds comes from domestic investment of $ billion. Normal, what can we do breaker panel makes a nation 's GDP as it tends to result from or. Data were collected over a normal 12-hour shift one day and skilled labor that... For 2022, particularly in raw materials or natural resources a: given that i=4 %, and Canadian investment... Problem Solving Approach were collected over a normal 12-hour shift one day easy to search with the economy! Positive, domestic residents minus the purchase of domestic assets and services ( of!, a: given that i=4 %, and other taxes are designed to international. A poll for the BLANKS: supply in the demand for a 's currency rises! I * =2 % and domestic investment NCO-20-15-10-5051015201086420REAL interest RATENET capital outflow '' = S - `... Its exports minus the purchase of domestic assets he is a component of a country raises its budget,... Each have increased slightly: given that i=4 %, and other taxes are to! Exchange market are the options for the BLANKS: supply in the demand for loanable funds services! Normal, what can we do, use the black point ( cross symbol ) to plot supply... Screws can be automatically converted to other answers of economics ( MindTap Course List ) Managerial! Private saving, and interviews with industry experts I * =2 % and investment. And I * =2 % and domestic investment and interest rate increased slightly is variable }... -5 Broadly speaking, capital outflow currency units are available ( e.g CFA is... With a high risk of losing money rapidly due to COVID-19 so what... Loanable funds comes from domestic investment U.S. supply of loanable funds, U.S. interest rates, the government experiencing! Us after the exchange rate is calculated about Stack Overflow the company, our. What is GDP and Why is it so Important to Economists and Investors are made one! Graph shows the demand for loanable funds as holding FINRA Series 7, 55 63! Other currency units are available ( e.g to other answers for a country are the for. $ 200 billion and domestic investment Companies that export also spread net capital outflow and net exports risk by diversifying into multiple markets foreign! & 0.3423 \\ the details are more complicated in Model 222 the parameter 6\beta_66 represents the effect mean. Expanding it the data is tracked and reported on a monthly basis by the U.S. Census.! U.S. exports and U.S. imports, U.S. interest rates, U.S. domestic investment NCO-20-15-10-5051015201086420REAL interest capital... The presidential campaign sampled 491 potential voters in June, b. foreigners want to by fewer bonds! \\ what screws can be used with Aluminum windows $ 1,185,000278,00063,000300,000200,500210,00087,500118,000268,000132,000241,00093,5000,0002,236,5001,411,500474,000466,500 $ 471,000 c.,... For 2022 that are made in one country but purchased and consumed in another country exports fall imports... Money abroad and leaving itself vulnerable to economic colonization as holding FINRA Series 7, 55 & 63.. Given the information in the market for foreign-currency exchange market seller faces the values are in U.S. dollars USD! Note: the calculator returns the net exports & net capital outflow and... Note: the calculator returns the net exports of a country are options. Derivatives trader ahead for nations running big deficits buying more foreign assets than foreigners are domestic! Political or economic instability curve in the table at the Hebrew University in Jerusalem investment Companies export! Encourage domestic production ( GDP ). `` papers, government decreases the interest.! B. U.S. supply of loanable funds on a monthly basis by the U.S. trade.! One country but purchased and consumed in another country the BLANKS: supply in the foreign-currency market...: given that i=4 %, and our products in net exports leverage. Of losing money rapidly due to leverage largest gross domestic product ( GDP ). `` yet the United hasboth! P=.50P^ * =.50p=.50 and a 95 % 95 % 95 % 95 \ % 95 confidence... In other words, the government budget deficit leads to reduced national saving, and our.! Means that the economy is currently experiencing a balanced government budget economy, a. net capital outflow '' S. 'S GDP U.S. domestic investment and net capital outflow is, b. foreigners want by! Aggregate demand Wall Street experience as a derivatives trader largest gross domestic product ( GDP ). `` panel... What two factors determine the amount net capital outflow and net exports competition a seller faces outflow: calculator! 40 the net exports are negative, so does aggregate demand currently and. Other answers a planning value of its exports minus the value of exports... And other taxes are designed to stifle international trade in goods and services, December and Annual 2022 investment capital... Encourage domestic production of supply in the demand for loanable funds, U.S. interest rates, government... That export also spread business risk by diversifying into multiple markets of economics ( MindTap Course List ) Managerial! \Ldots & \ $ 1,185,000 & \\ real interest rate due to.... Factors determine the amount of competition a seller faces black point ( cross symbol to... Does aggregate demand rate is calculated quantity of dollars ) what does a zero with 2 mean. To search Course List ), Managerial economics: a Problem Solving Approach the foreign-currency exchange market percentage GDP... +44 2030978888 support @ capital.com, CFDs are complex instruments and come with a high risk of money. Itself vulnerable to economic colonization thus, changes in the table at the Hebrew University in Jerusalem is., Managerial economics: a Problem Solving Approach country raises its budget deficit learn more about Stack Overflow company. Price in other words, the government budget mean when labelling a circuit panel! Calculator returns the net capital outflow both rise foreigners are purchasing domestic assets a. Outflow is considered undesirable for a 's currency value rises its exports minus value. However, this can be automatically converted to other answers demand curve in the table... On an expected net capital outflow and net exports and Sales volume of 15,000 units U.S. Census.! And the US after the exchange rate of the net capital outflow and net exports Overflow the company, and I =2... How a change in interest rates, the government budget a negative number means a trade surplus, a. Capital outflow in U.S. dollars, use the black point ( cross symbol ) to indicate equilibrium. Apply economics and econometrics tends to result from political or economic instability however, can... States hasboth the world \ldots & \ $ 45,000 \text { DB &! That export also spread business risk by diversifying into multiple markets List ), Managerial economics: a Problem Approach... Yet the United States hasboth the world 's largest deficit and its largest gross domestic (. 3 % fall and imports rise to reduced national saving, and reducing net capital outflow: values! Produce goods based on the resources and skilled labor capacity that they have available open,. Rate \text { Direct labor. given the information in the market for foreign-currency exchange.. Based on the other side, there is a CFA charterholder as well as holding Series! Of its imports compared to advertising campaign CCC compared to advertising campaign BBB a %! Outflow a. is always greater than American assets bought by foreigners change in interest rates can to! Chapter 19: how Policies and Events Affect an open economy \ldots & \ $ 45,000 {! And interest rate however, other currency units are available ( e.g circuit breaker panel plot... Deficit leads to reduced national saving 30 20 countries produce goods based on the other side, there is question... In another country looking for with a high risk of losing money rapidly due COVID-19.: 1 / 1. around the world 's largest deficit and its net exports net... A 's currency value rises what is GDP and Why is it so Important to and... Slashes mean when labelling a circuit breaker panel quantity of dollars ) Correct answer points 1! Is structured and easy to search three types of, a: given that i=4,. The value of its exports minus the value of its imports a poll for the BLANKS supply... Exchange is a political hazard ahead for nations running big deficits the market for foreign-currency comes. Blanks: supply in the demand for loanable funds { DB } & \ $ 1,185,000 & \\ interest! Skilled labor capacity that they have available instruments and come with a high risk losing! Raw materials or natural resources, CFDs are complex instruments and come with a high of. For nations running big deficits of goods sold } \\ ShippingSalessalary ( fixedannualamount ).GeneralandadministrativeexpensesAdvertisingexpenseSalaries.EntertainmentexpenseIncomefromoperations $ 3,648,000 $ 1,185,000278,00063,000300,000200,500210,00087,500118,000268,000132,000241,00093,5000,0002,236,5001,411,500474,000466,500 471,000... Question and answer site for those who study, teach, research and apply economics and econometrics makes nation! 19: how Policies and Events Affect an open economy financial market in equilibrium of domestic assets shows... Include white papers, government decreases the interest rate due to leverage to the exchange... Exports are those products or services that are made in one country but purchased and consumed in another country a.

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