• Exercise 1.2 Find the most recent data on the U.S. current account and its components. Present your answer in a form similar to table 1.1, that is, show figures in both current dollars and as a percentage of GDP. For current account and GDP data visit the Bureau of Economic Analysis’ website. Compare your table with table 1.1.
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Table 1.1: The Current Account of the United States in 2018 Billions Percentage of dollars of GDP -488.5 -622.1 -891.3 269.2 244.3 258.1 -13.8 Item Current Account Trade Balance Balance on Goods Balance on Services Income Balance Net Investment Income Compensation of Employees Net Unilateral Transfers Private Transfers U.S. Government Transfers -110.7 -94.4 -16.2 -2.4 -3.0 -4.3 1.3 1.2 1.3. -0.1 -0.5 -0.5 -0.1