Read the attached article and write a 2200 words long summary essay.
After reading the article you will realize that using the national income accounting identity (4.1) on page 74, the author obtains the equation/identity (4.4) on page 76.
Using this identity your essay must summarize
– how countries are conveniently categorized as surplus or deficit countries,
– what the main groups of surplus and deficit countries are, and
– how the author explains the trade (im)balances of the surplus and deficit countries on Table 4.1 and 4.2 on page 78.
Also On page 82 the author obtains the identity (4.6).
Your essay must also summarize the meaning of this equation the author places on. Also discuss if it the identity is actually true? Also summarize what the identity (4.9) says.
If you write a generic essay devoid of passion or insight, you will likely not receive very much credit. Keep in mind that you shouldn’t go through with this assignment just to get a few extra points on your final. The more fun you have with this assignment and the more original and critical views you present in your writing, and the more credit you’ll receive.
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