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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.

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Melyssa Fadel

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โˆ™ 2022-04-27 12:45:53
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Q: What is the difference between balance of trade and balance of payments?
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What is the difference between balance of trade and balance of payments Does balance of payments Does balance of payments?

it is good na dfavourable for an erconomy


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


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.


Is Australia's Balance Of Payments positive?

balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive


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.


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.


How would you define the balance of payments in international trade?

The balance of payments is an accounting record of the difference between the amount of money that a country receives (known as inpayments) and the amount of money that it pays out (known as outpayments).


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 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


How does balance of trade differ from balance of payments?

Balls and weiners!


What is the difference between total imports and exports?

The balance of trade.


How differ the balance of trade from the balance of payments?

The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.

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