The difference between a country's imports and exports of goods in a particular year is
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Correct Answer: Option D
Explanation:
Balance of trade is the difference between the value of a country's visible exports and visible imports of goods over a specified period. If exports exceed imports, there is a favourable balance of trade; if imports exceed exports, there is an unfavourable balance.
Balance of trade is the difference between the value of a country's visible exports and visible imports of goods over a specified period. If exports exceed imports, there is a favourable balance of trade; if imports exceed exports, there is an unfavourable balance.