1.Obtain a recent issue of The Economist. Turn to the section titled

“Economic and financial indicators.” Look at the table titled

“Trade, exchange rates, budget balances, and interest rates.”

Which country had the largest trade deficit over the last year and during the last month? Which country had the largest trade surplus over the last year and during the last month? How does the current account deficit/surplus compare to the overall trade balance? How can you explain the difference?