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If the payments are more than the receipts, that shows a 'Deficit' in the Balance of Payments. It signifies that the country is importing more

If the payments are more than the receipts, that shows a 'Deficit' in the Balance of Payments. It signifies that the country is importing more goods and services than it is exporting, and this leads to an imbalance in the Balance of Payments. If you are the president of the country, how will you address this problem.

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