Economics · International Trade Concepts

What is the Balance of Trade (BOT)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The ratio of a country's index of export prices to its index of import prices
2The statement containing both visible and invisible transactions including unilateral transfers
3The difference between the value of a nation's visible goods exported and visible goods imported✓
4The total amount of foreign direct investment flowing into an economy

Correct answer

The difference between the value of a nation's visible goods exported and visible goods imported

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