Balance of Payments

I’m working on a Economics question and need guidance to help me study.

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.

Directions:

  • Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.
  • Book: International Economics by Carbaugh 15th ed.
  • APA Style.
  • 300-400 words