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The Balance of Trade Is Defined as

Question 3

Multiple Choice

The balance of trade is defined as


A) the difference between the balance of the current account and the balance of the capital account.
B) the difference between the value of the goods and services a country exports and the value of the goods and services a country imports.
C) the difference between the value of the goods a country exports and the value of the goods a country imports.
D) the difference between the balance of the current account and the balance of the financial account.
E) the difference between the volume of goods sold to other countries and the volume of goods bought from other countries.

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