Economics · International Trade
The Balance of Trade (BOT) of a country is strictly defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between the total credits and debits in the current account of the balance of payments
- 2The difference between the value of exports and imports of goods, services, and unilateral transfers
- 3The difference between the value of exports and imports of both goods and services
- 4The difference between the value of exports and imports of visible goods only✓
Correct answer
The difference between the value of exports and imports of visible goods only
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