Question

______ is the difference between the values of exports and imports of goods, services, and unilateral transfers of a country.  

Options

• Balance of trade

• Current account balance

• Both balance of trade and current account balance

• None of the above

Answer 1

Balance of trade is the difference between the values of exports and imports of goods, services, and unilateral transfers of a country. 

Explanation:

It is the difference in value between a country's exports and imports of goods, services, and unilateral transfers. Unilateral transfers, export, and import of products, export, and import of services.