The trade balance is:
A)exports less imports.
B)imports less exports.
C)total trade this year less total trade last year.
D)sum of imports and exports.

Question

Quizplus · Accepted Answer

The trade balance is calculated as exports minus imports, indicating the difference between what a country sells to others (exports) and what it buys (imports). If exports exceed imports, the trade balance is positive, showing a surplus. If imports exceed exports, the balance is negative, indicating a deficit.

The Trade Balance Is