Economic Factor: Trade balance measures?
A)The total value of goods and services produced within a country's borders, including items produced with foreign resources
B)The difference between a country's exports and its imports
C)The cost of money; the cost of credit when you borrow; the return on your money when you save or invest
D)The dollars available for spending in our economy
E)The number of people without employment who are willing and able to work

Question

Quizplus · Accepted Answer

Trade balance measures the difference between a country's exports and imports, which is the net amount of goods and services it is selling or buying from other countries. A positive trade balance, where exports are more than imports, indicates a surplus, while a negative trade balance suggests a deficit.

Economic Factor: Trade Balance Measures