Homework: Global Material Economics
Description
One of the more important measures in regard to international economics is the balance of payments. Think of it as a national accounting measure that looks at the flow of goods and services into and out of an economy in a given period of time. It also shows capital flows into and out of a country. Until 1980, the United States tended to run a positive-to-neutral balance of payments position and was a creditor nation. In the course of the past 30 years, the United States has moved to a negative balance of payments and to being a debtor nation.
Review and discuss the following:
1) Discuss the importance of the balance of payments as an accounting measure.
2) Discuss the current account and its components and the capital and financial accounts and their components.
3) How important is the U.S. deficit in traded goods in regard to the balance of payments?
Here are some relevant articles to help you with this homework:
1) The Changing Nature of the U.S. Balance of Payments
2) Balance of Payments
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.