Single Answer MCQ
Q-00044445
The balance of trade reflects which of the following?
1
Difference between government revenues and expenditures
2
Difference between a country’s exports and imports
3
Net profit of national companies
4
Total foreign aid received by a country
Answer and Solution
Answer
B. Difference between a country’s exports and imports
Solution:
The balance of trade measures the difference between a country's exports and imports. A favorable balance means exports exceed imports.
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