Question

Give the types of Balance of Trade with figures?​

Answer 1

Answer:

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus.

Answer 2

Answer: 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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