The difference between the value of the goods a country exports and the value of the goods a country imports is the country's
A)financial account balance.
B)current account balance.
C)balance of trade.
D)capital account balance.
E)statistical discrepancy.

Question

Quizplus · Accepted Answer

The balance of trade is the difference between a country's exports and imports of goods. A positive balance of trade (exports greater than imports) is known as a trade surplus, while a negative balance of trade (imports greater than exports) is known as a trade deficit.

The Difference Between the Value of the Goods a Country