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What is called the difference between ex...

What is called the difference between exports and imports ?

A

assets and liabilities

B

balance of payment

C

GDP

D

balance of trade

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The correct Answer is:
d
The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is called an unfavourable balance of trade. If exports exceed imports, it is called a favourable balance of trade.
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