The difference between the exports and imports of goods in a country is referred to as the

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The difference between exports and imports specifically refers to the balance of trade, whereas the term balance of payments refers to the overall flow of money in and out of a country, including not just tangible goods but also services, investments, and other financial transactions. Balance of power and exchange rate are not relevant terms in this context.

The Difference Between the Exports and Imports of Goods in a Country