The __________ measures the sum of the money gained in a given economy by selling exports minus the cost of buying imports.

Question

Quizplus · Accepted Answer

Balance of trade measures the difference between a country's exports and imports. It calculates the money earned from exports and subtracts the money spent on imports, resulting in a balance of trade. A positive balance of trade means that the country is exporting more than it is importing, while a negative balance of trade means that the country is importing more than it is exporting.

The __________ Measures the Sum of the Money Gained in a Given