Question 1

Use the BEA sitehttps://www.bea.gov/to access theNational Income and Product Account (NIPA) tablesfor the United States.

a.Using U.S. annual data, computeGDP, GNE, and GNDIin 2019.

b.Was U.S. GDP higher or lower than its GNE in the past year? Interpret this finding.

c.Was U.S. GNI higher or lower than its GDP? Interpret this finding.

d.Was the U.S. a net giver or receiver ofunilateral transfers?

Question 2

Use the BEA sitehttps://www.bea.gov/to find the2019 annual balance of paymentsdata for the United States.

a.Compute income earned on (1)external assetsand (2) income paid onexternal liabilities.

b.Find the 2019net international investment positiondata for the United States. Compute (3)external assetsand (4)external liabilitiesfor the end of the prior year.

c.Divide (1) by (3) and then divide (2) by (4) to find theimplied rates of intereston external assets and liabilities. Is the United States stillprivileged?