Question

explain graphically the diffetence in types of balance of trade​

Answer 1

Answer:

the amount of exports should be equal to amount of imports this is balance of trade

Answer 2

Explanation:

Includes only visible imports and exports, i.e. imports and exports of merchandise. The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade...

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