Option 1 -> This would imply a large positive adjustment, which doesn't balance the accounts.
Option 2 -> This negative value is too large and would create an imbalance.
Option 3 -> Current Account (-58) + Capital Account (62.5) + Errors and Omissions (-4.5) = 0, achieving balance.
Option 4 -> A positive 4.5 would result in a net surplus of 9 million, not balancing the BoP.
Hence, Option 3: −4.5 million -> The Balance of Payments identity requires: Current Account + Capital Account + Errors and Omissions = 0. Substituting the given values: -58 + 62.5 + Errors and Omissions = 0. Solving: Errors and Omissions = -4.5 million. This negative entry compensates for the net surplus of 4.5 million from the current and capital accounts combined, ensuring the overall BoP balances to zero. -> correct