Explain the trends in the data collected from the BEA website. As a percent of the nominal GDP, compare the current account deficit with the growth rate of the nominal GDP. Using this information, examine the annual current account data from the BEA website.

Explain if a country can have a current account at the same time as having a surplus in its balance of payments.

Go to the links given below; download the annual data for the United States end of year international investment position from 1976 to the present

Download the annual data for the United States nominal gross domestic product. Then compare the annual ration of the IIP to nominal GDP.

Answer rating: 100% (QA)

BEA gets information from an assortment of solid sources The greater part of the information in any case originate from more than 360 studies and other information accumulations supported by other Fed... View the full answer