Economy, asked by shubhdeepsidhujatt, 8 months ago

how is balance of trade estimated

Answers

Answered by mahyekchakraborty1

Answer:

Economists use the BOT to measure the relative strength of a country's economy. The balance of trade is also referred to as the trade balance or the international trade balance. ... The formula for calculating the BOT can be simplified as the total value of imports minus the total value of exports.

Answered by gurbinderdhaliwal445

Explanation:

of exports.

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