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.

Question

Quizplus · Accepted Answer

The balance of trade specifically refers to the difference between the value of a country's exports and imports of goods, not including services, which is what option C accurately describes.

The Balance of Trade Is Defined as