Question

difference between the total value of exports and imports is called ________​

Answer 1

Answer:

The difference between exports and imports is called the balance of trade.

Explanation:

If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.

Answer 2

Answer:

Balance of trade.

Please mark my answer brainliest.