In the balance-of-payments statement, statistical discrepancy is treated as part of the merchandise trade account because merchandise transactions are generally the most frequent source of error.

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Statistical discrepancy is treated as a separate component in the balance-of-payments statement, not as part of the merchandise trade account. It is used to balance the accounts due to errors and omissions in recording transactions, not specifically because merchandise transactions are the most frequent source of error.

In the Balance-Of-Payments Statement, Statistical Discrepancy Is Treated as Part