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1. The largest portion of the Current Accou nt Is intemaonal trade In goods. For the US this account Is tracked by the US Census

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1. The largest portion of the Current Accou nt Is intemaonal trade In goods. For the US this account Is tracked by the US Census Bureau {somewhat strangely}. Use a web search or search within the US Census Bureau homepage for \"US trade in goods with wrtd seasonally adjusted." For the most recent 3 full years, show the total exports, import: and trade balance in billions US dollars. Exports Imports Balance [$ {billions} [$ h_{illions} [$ h_[illions} a. Is the US trade In goods In surplus or decit? b. Is there any denite trend? 2. Explain 3 ways that a nation that runs a persistent Current Account decit can nance its excess consumption [note that these are very similar to the ways a household can spend more 1man its income)

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