The difference between merchandise exports and imports is known as the ____.

Question

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Merchandise exports and imports refer to the trade of tangible goods between countries, while services exports and imports refer to the trade of intangible services between countries. The difference between merchandise exports and imports is known as the goods and services trade balance, which reflects the net value of goods and services traded between a country and its trading partners. This balance can be positive, indicating that a country is exporting more goods and services than it is importing, or negative, indicating that a country is importing more goods and services than it is exporting.

The Difference Between Merchandise Exports and Imports Is Known as the ____