Trade, exchange rates, budget balances and interest rates Current-account balanc

Question

Trade, exchange rates, budget balances and interest rates Current-account balance %Of GDP Budget balance o Trade balance Interest rates Currency units, per $ Feb 8th vear ago latest 12 3-month latest latest 12 %of GDP 2016t 10-year gov't bonds, latest 2.39 3.11 0.10 1.38 1.62 months, $bn months, $bn 2016t United States 750.1 Ded +510.7 Dedc +47.8 Deo 179.4 Nov -19.9 Dec -2.6 +210.3 04+2.4 +190.9 Dec +3.7 5.4 -3.5 +394.6 Nov +3.3 -476.5 Q3 -3.2 China Japan Britain Canada Euro area Austria Belgium France Germany Greece Italy Netherlands Spain 6.88 112 0.80 3.8 6.57 116 0.70 0.01 0.34 0.890.30 -138.1 03 1.40___-2-_0.33 0.93 0.93 0.93 0.93 0.93 0.93 0.93 0.93 0.93 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 1.8 +296.4 Nov53.6 03 0.63 0.88 1.10 0.30 7.87 2.24 0.55 1.82 +8.0 Q3 +3.4 Sep -26.8 Dect 1.1 0V +30.1 Nov -54.0 Dect +280.9 Nov -17.6 Nov +57.1 Nov +55.8 Nov -20.1 Nov 0.33 -0.33 0.33 -0.33 0.33 0.33 0.33 0.33 3.0 +296.9 Nov+8.9 -1.0 Nov 0.3 +50.9 Nov +2.7 +8.1 +24.3 Nov +1.8 7.7 +57.1 03

Explanation / Answer

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year).

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