The difference between the value of exports and the value of imports of goods of a country in a given period of time is called?
The difference between the value of exports and the value of imports of goods of a country in a given period of time is called?
Solution
✅ Correct Option: 4
The difference between the value of exports and imports of goods (visible items) over a period is the Balance of Trade. Balance of Payments is a wider record covering goods, services, transfers and capital flows; invisibles refer to services and transfers only.
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