So now that you’re experts on international macroeconomics, you might find interesting looking at nations that run current account surpluses, for example, Germany, Japan, and China. Rather than give you the FRED codes, however, I’m simply going to instruct you to graph annual current account balances as a percentage of GDP for Germany, Japan, and China. The beginning year should be the earliest year of the series with the latest beginning date, which is China, not surprisingly. (You’ll have to type in whatever words you think are key and then search among the alternatives for the appropriate series.)
What trends do you notice? Which one of these series appears unique? Might that be a problem?