National Income Accounting

Go to the BEA website (http://www.bea.gov) and download the annual data for the United States’ end-of-year international investment position (IIP) from 1976 to the present. Next, download the annual data for the United States’ nominal Gross Domestic Product (GDP), also from 1976 to the present. Compare the annual ratio of the IIP to nominal GDP starting in 1976, then graph the data. The United States has run a current account deficits almost every year since the mid-1980s. In the paper,

• 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 deficit at the same time as having a surplus in its balance of payments. Use the data that you have gathered.

The paper

• Must be double-spaced and three to four pages in length, not including title and references pages
• Must be formatted in APA style, as outlined in the Ashford Writing Center.
• Must include a title page containing the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must use at least three scholarly resources, including the textbook.
• Must document all sources in APA style, as outlined in the Ashford Writing Center.
• Must include a separate references page, formatted to APA style, as outlined in the Ashford Writing Center.

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