The balance of trade is a measure of the difference between a nation's exports and imports.

Name: The balance of trade is a measure of the difference between a nation's exports and imports.
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The balance of trade measures the difference between the value of a country's exports and imports over a certain period of time. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit.

The Balance of Trade Is a Measure of the Difference