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Examine the summary of the balance of payments of the United States for 2021 . Compute and discuss the balance on the current account and

image text in transcribed Examine the summary of the balance of payments of the United States for 2021 . Compute and discuss the balance on the current account and its subaccounts. A Summary of the U.S. Balance of Payments for 2021 (in \$ billion) Source: The U.S. Bureau of Economic Analysis Required: -1. Compute the balance on the U.S. goods trade. -2. What does the balance on the U.S. goods trade you computed above represent? -3. Compute the balance on the U.S. services trade. -4. What does the balance on the U.S. services trade you computed above represent? -5. Compute the balance on the U.S. trade in goods and services. -6. What does the balance on the U.S. trade in goods and services you computed above represent

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