1. Which countries are the major customers for U.S. exports of goods and services? Which countries are the major exporters of goods and services to the United States?
2. Examine the U.S. balance of payments over the past year.
a. What is the current-account balance, the financialaccount balance, the capital-account balance, and the official reserves balance?
b. How have these balances changed from the previous year? What economic factors might account for these changes?