Answer:
the difference between the monetary value of a country's imports and exports over a given time period.
Explanation:
The balance of trade (BOT), also known as the trade balance, refers to the difference between the monetary value of a country's imports and exports over a given time period. A positive trade balance indicates a trade surplus while a negative trade balance indicates a trade deficit.
Answer:
Balance of trade is the difference between the value of a country's imports and exports for a given period and is the largest component of a country's balance of payments
Explanation:
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