Economics · International Trade
What is meant by the term 'Trade Balance' (Balance of Trade)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Difference between the value of export and import of goods✓
- 2Total value of internal trade transactions within a country
- 3Difference between import of goods and import of services
- 4Difference between export of goods and export of services
Correct answer
Difference between the value of export and import of goods
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