1. Compare the six countries, analyze what the differences are, and what your conclusions are regarding the policies of these countries and the social results.The Excel file has the information of 6 countries only as an example, and the bar graph looks like this:

2. What has been the trend in each component of National Income for the United States? 3. What component of National Income is the highest? 4. Has the U.S. balance of trade been in surplus or deficit over the past years?

5. In the United States, has the net real balance of trade been in surplus or deficit over the past 40 years? 6. What has been the trend in the trade balance, is the deficit increasing or decreasing? Analyze what happened to this indicator during the 2008 financial crisis. Why do you think the trade balance deficit decreased during the financial crisis? Has real GDP increased or decreased over time? Can you identify some of the economic cycles? 7. Based on 4 and 5, can you say that the current account deficit is detrimental to U.S. economic growth? Why?

In the same Excel file, look at the graphed called USA 40 years copied below:

	Brazil	Germany	USA	China	Russia	Honduras
Gross Domestic Product, Nominal, Domestic Currency	100%	100%	100%	100%	100%	100%
Household Consumption Expenditure	63%	51%	68%	67%	49%	85%
Government Consumption Expenditure	18%	22%	14%	14%	21%	15%
Gross Fixed Capital Formation	19%	23%	21%	16%	22%	23%
Change in Inventories	-1%	2%	1%	-1%	2%	1%
Net Exports of Goods and Services	1%	2%	-4%	4%	5%	-23%
Exports of Goods and Services	20%	50%	12%	193%	26%	38%
Imports of Goods and Services, Nominal	19%	48%	16%	189%	21%	62%

Gross Domestic Product and Components selected indicators
United States
Source: International Financial Statistics (IFS)
Metadata by Country (IFS)
National Accounts, Current Prices	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
Indicator	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Gross Domestic Product	$ 3,343,789	$ 3,634,037	$ 4,037,614	$ 4,338,981	$ 4,579,633	$ 4,855,216	$ 5,236,438	$ 5,641,580	$ 5,963,145	$ 6,158,129	$ 6,520,327	$ 6,858,559	$ 7,287,237	$ 7,639,749	$ 8,073,122	$ 8,577,553	$ 9,062,817	$ 9,631,172	$ 10,250,952	$ 10,581,929	$ 10,929,108	$ 11,456,450	$ 12,217,196	$ 13,039,197	$ 13,815,583	$ 14,474,227	$ 14,769,862	$ 14,478,067	$ 15,048,970	$ 15,599,732	$ 16,253,970	$ 16,843,196	$ 17,550,688	$ 18,206,024	$ 18,695,106	$ 19,477,337	$ 20,533,058	$ 21,380,976	$ 21,060,474	$ 23,315,081	$ 25,462,722
Household Consumption Expenditure	2,071,256.30	2,281,604.50	2,492,340.30	2,712,830.00	2,886,278.00	3,076,279.30	3,330,012.50	3,576,757.50	3,808,994.50	3,943,448.80	4,197,559.30	4,451,984.00	4,720,965.00	4,962,590.50	5,244,595.50	5,536,790.30	5,877,248.00	6,283,757.50	6,767,179.50	7,073,801.30	7,348,940.80	7,740,749.50	8,231,960.30	8,769,066.00	9,277,235.50	9,746,593.50	10,050,083.50	9,891,218.30	10,260,256.30	10,698,857.00	11,047,363.00	11,363,527.80	11,847,725.30	12,263,476.50	12,693,265.50	13,233,608.80	13,904,979.50	14,392,721.00	14,116,165.80	15,902,575.50	17,357,163.00
Government Consumption Expenditure	554,529.50	595,393.00	634,727.80	690,640.00	737,989.00	776,892.80	820,454.30	881,428.80	948,186.00	1,004,857.00	1,048,383.00	1,073,039.80	1,108,101.00	1,141,743.00	1,172,888.80	1,220,528.30	1,267,607.50	1,351,427.30	1,437,588.00	1,538,150.80	1,645,818.80	1,746,378.00	1,851,920.00	1,962,027.30	2,072,953.30	2,198,532.00	2,353,439.80	2,433,429.00	2,511,046.30	2,511,310.50	2,515,439.50	2,532,645.30	2,566,253.80	2,608,983.00	2,663,108.00	2,726,560.00	2,866,932.50	3,008,779.00	3,138,376.00	3,353,730.80	3,591,043.00
Gross Fixed Capital Formation	752,891.00	814,431.50	947,867.00	1,027,704.00	1,080,663.50	1,119,665.00	1,176,881.50	1,242,441.00	1,269,272.30	1,238,831.30	1,292,795.80	1,377,894.80	1,486,873.30	1,594,003.30	1,721,214.50	1,851,279.00	2,016,952.80	2,194,721.30	2,372,713.50	2,385,008.80	2,354,118.80	2,477,183.00	2,703,389.50	2,990,493.00	3,182,858.00	3,231,084.00	3,136,449.50	2,723,344.50	2,756,059.50	2,922,918.50	3,171,573.00	3,321,885.50	3,562,779.50	3,722,978.80	3,808,723.00	4,021,712.50	4,295,134.50	4,485,471.00	4,489,254.30	4,939,579.00	5,330,678.50
Change in Inventories	-14,913.50	-5,751.00	65,405.00	21,824.50	6,570.50	27,149.00	18,482.30	27,693.30	14,546.30	-394.30	16,327.80	20,813.50	63,784.50	31,173.80	30,799.30	70,926.50	63,719.30	60,815.50	54,544.50	-38,284.00	19,974.80	14,094.00	64,067.30	57,513.30	68,989.30	33,950.00	-29,241.30	-150,771.80	53,917.30	46,262.00	71,211.80	104,530.80	83,966.00	136,784.80	36,258.50	32,189.50	59,088.30	72,789.00	-55,822.50	-19,090.80	158,872.50
Trade balance	-19,974.20	-51,642.00	-102,726.80	-114,018.00	-131,868.70	-144,769.80	-109,393.00	-86,741.20	-77,854.50	-28,613.80	-34,738.00	-65,173.50	-92,487.00	-89,761.20	-96,376.50	-101,971.20	-162,710.80	-259,550.00	-381,073.20	-376,747.20	-439,744.70	-521,955.30	-634,141.00	-739,902.70	-786,453.00	-735,932.70	-740,870.00	-419,153.30	-532,308.50	-579,616.70	-551,617.70	-479,394.20	-510,036.70	-526,199.00	-506,249.80	-536,734.00	-593,077.20	-578,784.30	-627,499.20	-861,713.30	-975,035.00
Exports of Goods and Services, Nominal, Domestic Currency	283,209.80	276,996.30	302,380.50	303,210.50	320,998.30	363,943.00	444,600.80	504,289.30	551,873.00	594,930.50	633,052.80	654,799.30	720,937.30	812,810.30	867,589.30	953,802.80	952,979.00	992,910.30	1,096,110.80	1,026,811.80	997,979.30	1,035,164.50	1,176,362.50	1,301,579.80	1,470,170.30	1,659,294.80	1,835,280.50	1,582,773.50	1,857,246.80	2,115,863.80	2,217,699.80	2,286,981.30	2,377,408.30	2,268,650.50	2,232,109.50	2,388,260.00	2,538,088.80	2,538,450.50	2,148,615.80	2,539,648.00	2,975,843.00
Imports of Goods and Services, Nominal, Domestic Currency	303,184.00	328,638.30	405,107.30	417,228.50	452,867.00	508,712.80	553,993.80	591,030.50	629,727.50	623,544.30	667,790.80	719,972.80	813,424.30	902,571.50	963,965.80	1,055,774.00	1,115,689.80	1,252,460.30	1,477,184.00	1,403,559.00	1,437,724.00	1,557,119.80	1,810,503.50	2,041,482.50	2,256,623.30	2,395,227.50	2,576,150.50	2,001,926.80	2,389,555.30	2,695,480.50	2,769,317.50	2,766,375.50	2,887,445.00	2,794,849.50	2,738,359.30	2,924,994.00	3,131,166.00	3,117,234.80	2,776,115.00	3,401,361.30	3,950,878.00
Indicator	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Household Consumption Expenditure	62%	63%	62%	63%	63%	63%	64%	63%	64%	64%	64%	65%	65%	65%	65%	65%	65%	65%	66%	67%	67%	68%	67%	67%	67%	67%	68%	68%	68%	69%	68%	67%	68%	67%	68%	68%	68%	67%	67%	68%	68%
Government Consumption Expenditure	17%	16%	16%	16%	16%	16%	16%	16%	16%	16%	16%	16%	15%	15%	15%	14%	14%	14%	14%	15%	15%	15%	15%	15%	15%	15%	16%	17%	17%	16%	15%	15%	15%	14%	14%	14%	14%	14%	15%	14%	14%
Gross Fixed Capital Formation	23%	22%	23%	24%	24%	23%	22%	22%	21%	20%	20%	20%	20%	21%	21%	22%	22%	23%	23%	23%	22%	22%	22%	23%	23%	22%	21%	19%	18%	19%	20%	20%	20%	20%	20%	21%	21%	21%	21%	21%	21%
Change in Inventories	0%	0%	2%	1%	0%	1%	0%	0%	0%	0%	0%	0%	1%	0%	0%	1%	1%	1%	1%	0%	0%	0%	1%	0%	0%	0%	0%	-1%	0%	0%	0%	1%	0%	1%	0%	0%	0%	0%	0%	0%	1%
Trade balance	-1%	-1%	-3%	-3%	-3%	-3%	-2%	-2%	-1%	0%	-1%	-1%	-1%	-1%	-1%	-1%	-2%	-3%	-4%	-4%	-4%	-5%	-5%	-6%	-6%	-5%	-5%	-3%	-4%	-4%	-3%	-3%	-3%	-3%	-3%	-3%	-3%	-3%	-3%	-4%	-4%
Exports of Goods and Services	8%	8%	7%	7%	7%	7%	8%	9%	9%	10%	10%	10%	10%	11%	11%	11%	11%	10%	11%	10%	9%	9%	10%	10%	11%	11%	12%	11%	12%	14%	14%	14%	14%	12%	12%	12%	12%	12%	10%	11%	12%
Imports of Goods and Services	9%	9%	10%	10%	10%	10%	11%	10%	11%	10%	10%	10%	11%	12%	12%	12%	12%	13%	14%	13%	13%	14%	15%	16%	16%	17%	17%	14%	16%	17%	17%	16%	16%	15%	15%	15%	15%	15%	13%	15%	16%

$30,000,000 $25,000,000 $20,000,000 Millions $15,000,000 $10,000,000 United State - GDP and Trade Balance $5,000,000 S $(5,000,000) 1982 1984 1986 1988 990 1992 1994 1996 1998 2000 002 004 006 2008 2010 2012 Product - Gross Domestic 014 016 -Trade balance 018 2020 2022-10% 10% 20% 30% 40% 50% 60% 70% 80% 0% 1982 1984 1985 -Trade balance 1986 1987 1989 Gross Fixed Capital Formation 1990 -Household Consumption Expenditure 1991 1992 1993 1994 1995 1996 1997 199 1999 2060 Gross Domestic Product and Components. Nominal. 2001 2002 2003 2005 Change in Inventories -Government Consumption Expenditure 2011 2012 201 3 201 4 2015 2016 2017 2018 2019 2020 2021 2022