The balance of goods and services is

Question

Quizplus · Accepted Answer

The balance of goods and services is the value of all goods and services exported minus the value of all goods and services imported. It includes both tangible goods and intangible services. Option A is incorrect as services can be traded internationally. Option B is incorrect as it only refers to merchandise trade and not services. Option D is incorrect as it only considers tangible products and not services. Option E is incorrect as it mentions transactions to finance the difference, which is not a part of the balance of goods and services.

The Balance of Goods and Services Is