The __________ is the difference between the value of the products (including services)that a country exports and the trade of the products it imports.

Question

Quizplus · Accepted Answer

The balance of trade measures the value of a country's exports minus the value of its imports, also known as net exports. A trade surplus occurs when a country exports more than it imports and a trade deficit occurs when a country imports more than it exports. The exchange rate is the value of one currency compared to another currency.

The __________ Is the Difference Between the Value of the Products