Question
Balance of Trade is measured as:
This question was previously asked in
SSC CGL 2020 (Tier-2) Statistics Previous Year Paper 3 (28-Jan-2022)
The correct answer is
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.
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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)
Which one of the following is NOT a part of the current account of a country's balance of payments?
Which of the following statements is correct?
Which of the following statements is INCORRECT?
- If there is a balance of payments deficit then in a floating exchange rate system :
- Devaluation, will improve the balance of payment deficit, if sum of elasticity of exports and imports of the devaluing country is :
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