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20:30 The Bureau of Economic Analysis (BEA) is the official source of economic d

ID: 2813300 • Letter: 2

Question

20:30 The Bureau of Economic Analysis (BEA) is the official source of economic data for the United States. It is an important source of research information for students of business and cconomics. This assignment allows you to navigate the BEA website to get data on international accounts that are useful for class discussion. Visit www. bea.gov. On the heading. click Data, then By Economic Account, then International. You will find links to several data sets on international accounts Browse and find data for the following tables: [Data for 2017 is provided 1) U.S. International Trade in Goods and Services (All values in billion U.S. dollars) 015 017 2.35 290 52 How has the trade balance changed in the past six years? 2) U.S. Direct Investment Abroad (Position on a historical cost basis, all industries) (Values are in billion dollars) 013 015 6013 has been the average annualgrowth of United States FDI abroad in the past eight years? 3) Foreign Direct Investment in U.S. on a Historical Cost Basis, 2018-2017 Look for FDI in U.S.:Selected Items by Detailed Country 2008-2017or Country detail (includes all industries [All values are in billion U.S. dollars.]

Explanation / Answer

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Year Defecit Exports Imports YOY change Change with respect to 2012 2012 -537,408 2,218,354 2,755,762 2013 -461,135 2,294,199 2,755,334 -14% -14% 2014 -489,584 2,376,657 2,866,241 6% -9% 2015 -498,525 2,266,691 2,765,216 2% -7% 2016 -502,001 2,215,844 2,717,846 1% -7% 2017 -552,277 2,351,072 2,903,349 10% 3%
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