Ways of correcting the balance of payment disequilibrium
Answer Text: Ways of correcting the balance of payment disequilibrium:The measures that may be taken to correct this may include;-Devaluation of the country’s currency to encourage more exports than imports, discouraging the importers from importing more into the country.-Encouraging foreign investment in the country, so that it may increase thelevel of economic activities in the country, producing what can be consumed and even exported to control imports-Restricting the capital outflow from the country by decreasing the percentage of the profits that the foreigner can repatriate back to their country to reduce the outflow-Decreasing the volume of imports. This will save the country from making more payments than it receives-Increasing the volume of exports. This enable the country to receive more than it gives to the trading partners.