Go to the St. Louis Federal Reserve FRED database, and find data on exports (BOPXGS) and imports
Question:
Go to the St. Louis Federal Reserve FRED database, and find data on exports (BOPXGS) and imports (BOPMGS).
a) Calculate net exports for the most current period available. Is the United States currently running a trade balance, surplus, or deficit?
b) When was the last time the United States ran a trade surplus? (To answer this question, you will need to download the data and take the difference between the two series.) Since that time, have there been net capital inflows to or net capital outflows from the United States?
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Step by Step Answer:
a To calculate net exports we need to subtract imports from exports You can find data on exports B...View the full answer
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