The ________ is the economic value of all the products that a country exports minus the economic value of imported products.
A) real GDP
B) gross national product
C) nominal GDP
D) balance of trade
E) national debt

Question

Quizplus · Accepted Answer

The balance of trade measures the difference between a country's exports and imports, which can impact its economy. If a country has a positive balance of trade, it means that it is exporting more than it is importing, which can boost its economy. If it has a negative balance of trade, it means it is importing more than exporting, which can have a negative impact on its economy.

The ________ Is the Economic Value of All the Products