balance of trade is measured as________
Answers
Understanding the Balance of Trade (BOT)
The formula for calculating the BOT can be simplified as the total value of exports minus the total value of its imports. ... A country that imports more goods and services than it exports in terms of value has a trade deficit or a negative trade balance.
Balance of trade is measured as the difference between import and exports of goods.
balance of trade, the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union (e.g., dollars for the United States, pounds sterling for the United Kingdom, or euros for the European Union
https://brainly.in/question/2856394
https://brainly.in/question/39175606
#SPJ2