Describe and discuss the different components of the Current Account of the balance of payments. Go to the web (BEA or FRED at ST. Louis FED) and find data for these components for the US for the last 10 years. Graph and interpret the trend in these components and discuss their implications for the US economy?
3. Describe and discuss the different components of the Financial Account of the balance of payments. Go to the web (BEA or FRED at ST. Louis FED) and find data for these components for the US for the last 10 years. Graph and interpret the trend in these components and discuss their implications for the US economy?