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QUESTION SIX Although the BOP has to balance, surpluses or deficits on its individual elements may create some imbalances. There are also concerns about the deficits in the current account Required: a) b) Name the three (3) types of deficits that typically raise concerns in the current account (3 Marks) Mention any three (3) reasons behind BOP Imbalances (3 Marks) Explain the three possible processes that a country can use to correct BOP imbalances. (9 Marks) [TOTAL: 15 MARKS] c) QUESTION SIX Although the BOP has to balance, surpluses or deficits on its individual elements may create some imbalances. There are also concerns about the deficits in the current account Required: a) b) Name the three (3) types of deficits that typically raise concerns in the current account (3 Marks) Mention any three (3) reasons behind BOP Imbalances (3 Marks) Explain the three possible processes that a country can use to correct BOP imbalances. (9 Marks) [TOTAL: 15 MARKS] c)