The difference between a country's imports and exports of goods in a particular year is

Timo067

2 years ago

The answer is not correct it's supposed to be balance of trade d is the correct answer

suvan

1 year ago

the answer is A not C

Richie_rich24

2 months ago

The correct answer is: D. balance of trade
Explanation:
Balance of trade refers to the difference between the value of a country’s exports and imports of goods over a specific period (usually a year).
Trade surplus: exports > imports
Trade deficit: imports > exports
Why the other options are wrong:
A. Terms of trade – This refers to the ratio of export prices to import prices, not the difference in volume or value.
B. Terms of payment – This refers to how and when payments for trade are made (e.g., cash, credit).
C. Balance of payment – This is broader; it includes all financial transactions between a country and the rest of the world, not just goods (also includes services, investments, and transfers).
Quick Tip:
Goods only → Balance of Trade
Goods + Services + Money flows → Balance of Payment

tinizhawd

3 years ago

The answer is supposed to be Option A instead of Option C