how does a country determine its trade balance?
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The balance of trade, commercial balance, or net exports is the difference between the monetary value of a nation's exports and imports over a certain time period.
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The trade balance is the net sum of a country's exports and imports of goods without taking into account all financial transfers, investments and other financial components. A country's trade balance is positive (meaning that it registers a surplus) if the value of exports exceeds the value of IMPORTANT
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