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What is the difference between terms of trade and balance of trade?
Wiki User
∙ 15y ago
terms of trade is the relationship of prices of imports and exports
tot=price index of imports
---- price index of exports
balance of trade is the difference between total exports and total imports
bot=totall exports- total imports
Wiki User
∙ 15y ago
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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.
What is the difference between total imports and exports?
The balance of trade.
What is a balance of trade?
A balance of trade is the difference between the monetary value of exports and imports in an economy over a certain time period.
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
What is the Difference between balance of trade and terms of trade?
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
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.
What is the difference between total imports and exports?
The balance of trade.
Balance of trade in a sentence?
The balance of trade (or net) is the difference between monetary value of exports and imports of output in an economy.
What is a balance of trade?
A balance of trade is the difference between the monetary value of exports and imports in an economy over a certain time period.
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.
The difference between visible exports and visible imports is defined as?
Balance of trade
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.
What is the difference in value between what a nation imports and what it exports over time?
Balance of Trade
What is balance of trade and payment?
Balance of payment is the difference between the money coming into the country and the money leaving the same country.
