Explain the given current accounts merchandise trade

Reference no: EM13454437

(a) Describle the notion of balance of trade accounting?

(b) Describe the following current accounts: Merchandise trade exports and imports; Service exports and imports; Unilateral Transfers. Research and explain the past 5 yrs data activity for the U.S. vs. ROW.

(c) Relative to the capital account discuss the U.S. private capital going abroad and the foreign capital into the United States. Show how the balance has change since 1970's until 2008. What was the impact of this change of direction on the current acccount?

Reference no: EM13454437

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