• 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 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

Answer rating: 100% (QA)

Table 12 The Current Account of the United States in 2020 Item Billions Percentage of dollars of GDP Current Account 7494 34 Trade Balance 8188 37 Balance on Goods 12235 55 Balance on Services 4047 18 ... View the full answer