how is balance of trade estimated
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The trade balance is based not only on a country's goods but also its services. ... The way to calculate this balance of trade is to take the total value of all imports and subtract the total value of all exports between the two countries, or between one country and the rest of the world.
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The trade balance is based not only on a country's goods but also its services. ... The way to calculate this balance of trade is to take the total value of all imports and subtract the total value of all exports between the two countries, or between one country and the rest of the world.
Hope this may help you.!
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