1.1.3 [related to the Economics in Practice on p. 714] The United States is the second largest oil importer in the world, importing 7.2 million barrels of crude oil per day in April 2015. go to www.inflationdata.com to look up crude oil prices for the past 5 years; then go to www

.bea.gov to look up the U.S. net international investment position (NIIP) for the past 5 years. Does there appear to be a relationship between price of crude oil and U.S.

NIIP? Briefly explain the result of your findings.