Thanks for the answers in advance, much appreciated.

Question 5 [21] 5.1. The balance of payments (BoP) depends on which factors that determine the international flow of goods and capital and could cause imbalances on the BoP? (4) 5.2. Assume that the balance of payments (BoP) is in disequilibrium owing to some factor(s) mentioned in Question 5.1. Discuss in brief but clear terms for which key variables related to the BoP there will be consequences if the BoP is in disequilibrium and how these variables will be affected. (6) 5.3. Suppose there is a BoP surplus. Explain the two (2) adjustment effects that can be expected when the BoP is in disequilibrium and also indicate the two (2) chain reactions that these adjustment effects are likely to lead to. (6) 5.4. Describe what the BP curve depicts on an IS/LM framework (diagram). Then graphically illustrate how the BP curve is typically incorporated in an IS-LM-BP model, which reflects that the BOP is in a deficit, while the IS-LM curves are in equilibrium on the diagram.