Economics · Economy
Balance of trade is defined as the difference between which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Visible trade and invisible trade
- 2Total value of imports of services and exports of capital
- 3Total value of exports of goods and services and imports of capital
- 4Total value of exports and total value of imports of goods only✓
Correct answer
Total value of exports and total value of imports of goods only
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