Balance of Trade is measured as:
the difference between export and import of goods
Balance of Trade (BOT) is defined as the difference between a country's exports and imports of goods over a certain period. It does not include services. Therefore, the correct answer is: the difference between export and import of goods.
Similar Questions
Which of the following statements is correct?
Which of the following statements is INCORRECT?
The Balance of Payment Account of an economy is related to the ________.
Important Questions from Balance of payments (BOP)
The payment of foreign trade is related with
The items on the capital account of Balance of Payments are:
Improvement in the balance of payments deficit may be effected through:
A. Import controls
B. Export promotion
C. Foreign exchange control
D. Devaluation
Choose the correct answer from the options given below:
Which one of the following is NOT a part of the current account of a country's balance of payments?
Which of the following should not be included in the balance of payments account?
