Economy, asked by ArpitaAbrol, 7 months ago

difference between balance of trade and current account ​

Answers

Answered by muskanmusani30
6

Explanation:

The trade balance is the amount a country receives for the export of goods and services minus the amount it pays for its import of goods and services. The current account is the trade balance plus the net amount received for domestically-owned factors of production used abroad.

Answered by payalrajawat1919
2

Answer:

The trade balance is the amount a country receives for the export of goods and services minus the amount it pays for its import of goods and services. The current account is the trade balance plus the net amount received for domestically-owned factors of production used abroad.

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