Question

The ____ is the difference in value between a nation's exports and its imports. a. export/import ratio b. balance of trade c. net trade value d. gross domestic product e. balance of payments

Answer 1

Answer: Balance of trade

Explanation:

The balance of trade of a country is the measure of the difference between the total exports of products and the total imports of products in a country within a particular period usually a year. The balance of trade of a country is positive if the export is more than the imports, and negative if the imports is more.