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.

Question

Quizplus · Accepted Answer

The difference between exports and imports is called balance of trade. This is a measure of the country's trade in goods only. The financial account balance and capital account balance measure flow of money, which is different from balance of trade. The current account balance includes balance of trade but also includes trade in services, income flows, and transfers.

The Difference Between the Value of the Goods a Country