The difference in value between a nation's exports and imports is called:

Name: The difference in value between a nation's exports and imports is called:
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The difference in value between a nation's exports and imports is called its trade balance. A trade deficit (A) occurs when a nation's import value exceeds its export value, while balanced trade (C) occurs when a nation's import and export value are equal. Bilateral trade balance (B) refers to the trade balance between two specific countries.

The Difference in Value Between a Nation's Exports and Imports