The term balance of trade, can be defined as the?
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- A Relation between value of exports and value of imports over a given period of time
- B Balance owed to the rest of the world in payment for imports
- C Price paid for imports in term of exports
- D Relation between payments of all kind made by a country to the rest of the world, over a given period of time
Correct Answer: Option A
Explanation:
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