0
The balance of trade (or net) is the difference between monetary value of exports and imports of output in an economy.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the real difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
Why does the balance of payments always balance even though the balance of trade does not?
he balance of payments defines an economy's account of receipts and payments.it includes all current accounts and capital accounts. a deficit in current account is managed by creating a surplus in capital account and vice-versa.however,balance of trade is just the balance of exports and imports,exports receipts can be greater than import payments,this creates surplus in the economy and deficit in the other case. balance of trade is a component of BOP.
How would you define balance of trade?
The balance of trade, also known as net exports, is the difference between the dollar amount of merchandise exports and the dollar amount of merchandise imports.
What the definition The amount of money a country brings in to the money that goes out?
It's called the balance of trade. Right now the US has a negative balance of trade with the rest of the world because we buy more goods (oil, Chinese imports, etc.) than we sell or export.
Which is better one credit card with a high balance or 5 low balance cards?
Better for what? If for your credit rating, it depends on a few factors. Credit cards and other loans are called trade lines in the industry. If you have no other open trade lines, 5 cards might be better, but ultimately it depends on usage and total issued credit. Without this information, I am going to assume you have few other cards and provide a best guess. Go with the 5 cards.
What is a current issue that involves international trade foreign exchange balance payments tariffs and free trade?
I'm sorry, but i don't know! :( if you type in this sentence, this should help you out. "current issues that involves international trade foreign exchange, balance of payments, tariffs, and free trade"
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What Is Balance Of Trade Of India?
deffinition ofbalance of trade of India? what is balance of trade of India? give the detail this question.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
What is meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
Balance of trade?
The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.
What are the two indicators nations rely on to measure global trade?
They are the balance of trade and the balance of payments.
What is the present balance of trade situation in Pakistan?
Based on the reportÊin SeptemberÊ2014, Pakistan's balance of trade average was -22158.78 PKR million. This was the balance of trade average from 1957 until 2014.
Can I trade in my car when there is a loan balance?
You can trade your car in, however the loan balance must still be satisfied.
