Net exports of goods are known as
A)the balance of payments.
B)the merchandise trade balance.
C)the current account.
D)the financial account.

Question

Quizplus · Accepted Answer

Net exports of goods refer specifically to the balance of trade in goods, which is captured in the merchandise trade balance. The balance of payments (A) includes all transactions between a country and the rest of the world, including goods, services, transfers, and financial flows. The current account (C) includes the balance of trade in goods, but also includes the balance of trade in services, income, and transfers. The financial account (D) tracks financial flows between a country and the rest of the world.

Net Exports of Goods Are Known as