Question

i) What is balance of trade?
ii) Tell the types of balance of trades.
iii) In which country export exceeds import in all the years?
iv) Brazil's balance of trade belongs to which type?​

Answer 1

Answer:

1. Balance of trade, the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union
2. Favourable Balance of Trade: The situation, wherein country's exports exceed imports is a situation of favourable or surplus balance of trade.
3. Unfavourable/Deficit Balance of Trade: ADVERTISEMENTS: ...
4. Equilibrium in Balance of Trade: ADVERTISEMENTS
5. Exports exceed imports in all the years in Brazil. Brazil is always maintaining a favourable BOT where exports are greater than imports.
6. it's of positive type. Explanation: Brazil has earned more foreign currency because of more exports than imports. The trade balance is positive when a country has less number of imports than exports.

Explanation:

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Answer 2

I)2965196+925296)295295)#-(24

ii)73922(272+92639647+273936

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