Select a country of your choice and observe the last balance of payments issued by that country. Does the country run a current account deficit or surplus? What are the driving factors for the deficit or surplus? What are the implications of the current account deficit or surplus for the overall economy? What actions may better the nation’s situation?  Explain. .

1. Select a country of your choice and observe the last balance of
payments issued by that country. Does the country run a current
account deficit or surplus? What are the driving factors for the
deficit or surplus? What are the implications of the current
account deficit or surplus for the overall economy? What
actions may better the nation’s situation? Explain.