Question
Observe the last balance of payments issued by that United Arab of Emirates UAE (Balance of payments can be found in the following link https://www.ceicdata.com/en/united-arab-emirates/balance-of-payments/bop-capital-and-financial-account-cf#:~:text=United%20Arab%20Emirates's%20BoP%3A%20Capital,126.900%20AED%20bn%20for%202018.&text=The%20data%20is%20categorized%20under,JB001%3A%20Balance%20of%20Payments.).
Observe the last balance of payments issued by that United Arab of Emirates UAE (Balance of payments can be found in the following link https://www.ceicdata.com/en/united-arab-emirates/balance-of-payments/bop-capital-and-financial-account-cf#:~:text=United%20Arab%20Emirates's%20BoP%3A%20Capital,126.900%20AED%20bn%20for%202018.&text=The%20data%20is%20categorized%20under,JB001%3A%20Balance%20of%20Payments.).
Q1-Does the country run a current account deficit or surplus?
Q2- What are the driving factors for the deficit or surplus?
Q3- What are the implications of the current account deficit or surplus for the overall economy?
Q4- What actions may better the nation's situation? Explain.
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