What entries are used to calculate a country's bilateral trade balance?

Question

Quizplus · Accepted Answer

Bilateral trade balance is the difference between the value of a country's exports to another country and the value of its imports from that country. Therefore, the entries used to calculate it are its exports to and imports from another country. The other options listed (unemployment and inflation rates, per capita income, and exports or per capita income alone) are not directly related to calculating bilateral trade balance.

What Entries Are Used to Calculate a Country's Bilateral Trade