The difference between a country's imports and exports of goods in a particular year is
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Correct Answer: Option C
Explanation:
Balance of payment refers to the difference between a country's payment for visible and invisible exports and imports. If exports payments exceeds import payments, then it is a favorable balaace of payment and vice-versa
Balance of payment refers to the difference between a country's payment for visible and invisible exports and imports. If exports payments exceeds import payments, then it is a favorable balaace of payment and vice-versa