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  • Question
  • The difference between exports and imports is called-?


  • Options
  • A. assets and liabilities
  • B. balance of payment
  • C. GDP
  • D. balance of trade

  • Correct Answer
  • balance of trade  

    Explanation

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

  • Tags: AIEEE, Bank Exams, CAT

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