Please show the balance of payments equation. Does the US
balance of payments have a deficit or surplus? Please explain. If
China has a trade surplus, then how do they have a deficit in their
capital account? If the US had an estimated trade deficit of $379
billion in 2013, please explain in the context of the international
macroeconomic model (e.g., what is their GDP v. aggregate
demand,...). If Y - Yd > 0, what happens to savings, the trade...