Analyze the balance-of-payment structure and make at least one recommendation for reducing errors and/or omissions. Explain your reasoning for making the recommendation you did.

Question
Analyze the balance-of-payment structure and make at least one recommendation for reducing errors and/or omissions. Explain your reasoning for making the recommendation you did.

Discuss the problems associated with having a persistent vs. temporary current account deficit and determine which one has the greatest long-term implication.

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