Question

deficit in BOT can be covered by BOP but deficit in BOP cannot be covered by BOT explain why​

Answer 1

Answer:

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Answer 2

Answer:

What Is the Balance of Trade (BOT)?

Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period. Balance of trade is the largest component of a country's balance of payments (BOP). Sometimes the balance of trade between a country's goods and the balance of trade between its services are distinguished as two separate figures.

The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports.

Explanation:

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