Visit The Website of the Bureau of Economic Analysis in the U.S. Department of Commerce atwww.bea.gov(Links to an external site.)to find the latest news release concerning the balance of payments between the United States and the rest of the world.(You can also find this information with a Google search if youprefer.) Did the United States have a trade surplus or deficit with rest of the world with respect to (1) goods and (2) services in the most recent quarter? When compared to the previous quarter, did this surplus or deficit get better or worse? Overall, the U.S. has had an unfavorable balance of trade with the rest of the world for over three decades. What explains this statistic? Why do many economists worry about this situation? What can be done to decrease this trade deficit? Please explain your answers in detail.