four page report with scholarlly sources

Project Description:

national income accounting
please go to the bea website(http://www.bea.gov) and download the annual data starting in 1976 on the united states end of year international investment position (iip),, for the same period, download the annual data on u.s. nominal gross domestic product (gdp) from the same site. compare the annual ration of the iip to nominal gdp starting in 1976, and graph the data. the united states has run current account deficits in almost every year since the mid 1980. in the paper,
1.explain the trends that you have seen in the data that you have collected
2.compare the current account deficit, as a percent of nominal gdp, with the growth rate of nominal gdp
3. explain if it is possible for a country to have a current account deficit at the same time it has a surplus in its balance of payments, use the data that you have gathered.
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