Balance of Payments

Balance of Payments

Briefly explain the Balance of Payments national accounts system.  What are the Capital and Current accounts?  Why is this important information for countries to track?  Research the Balance of Payments accounts for the United States for the most recent three years  of data available at the Bureau of Economic Analysis (see below for link).

link:  http://www.bea.gov/international/index.htm#bop

In an Excel table, show the values for the Capital, Current and Financial accounts.  Include a “net” (or total) amount.

Create a new Excel table.  Show the Balance of Trade accounts (the “Export of Goods and Services” and “Import of Goods and Services”) for these three years.  Include a “net” amount.

Interpret your results.  How has the balance of payment accounts changed for the US during this period?  What factors might explain your observations?
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