The ____ is the difference between exports and imports.

Question

​The ____ is the difference between exports and imports.

Quizplus · Accepted Answer

The balance of trade, also known as the trade balance, is the difference between a country's exports and imports of goods. It is calculated by subtracting the total value of imports from the total value of exports. A positive balance of trade occurs when a country exports more goods than it imports, while a negative balance of trade occurs when a country imports more goods than it exports.

​The ____ Is the Difference Between Exports and Imports

The ____ Is the Difference Between Exports and Imports