Go to FRED (the Federal Reserve Economic Database), and using the relationship, National Savings − National Investment = Current Account Balance, determine China's savings as a share of GDP over the past decades. Hint: Use the data in FRED for China's "Gross Capital Formation."

Question

Quizplus · Accepted Answer

The Answer is See accompanying spreadsheet for calculations underlying estimate:

\begin{array}{ll}1999-01-01 & 34.5 \% \2000-01-01 & 34.6 \% \2001-01-01 & 34.5 \% \2002-01-01 & 34.9 \% \2003-01-01 & 37.0 \% \2004-01-01 & 40.1 \% \2005-01-01 & 41.7 \% \2006-01-01 & 41.6 \% \2007-01-01 & 42.8 \% \2008-01-01 & 41.7 \% \2009-01-01 & 43.1 \% \2010-01-01 & 47.2 \% \2011-01-01 & 46.7 \% \2012-01-01 & 46.1 \% \2013-01-01 & 47.1 \%\end{array}

Go to FRED (The Federal Reserve Economic Database), and Using