the different between the export and import of services is called
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Explanation:
BALANCE OF TRADE: The difference between the value of goods and services exported out of a country and the value of goods and services imported into the country. ... The balance of trade can be a “favorable” surplus (exports exceed imports) or an “unfavorable” deficit (imports exceed exports).
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☞the different between the export and import of services is called BALANCE OF TRADE .
Explanation:
➝ The difference between the value of goods and services exported out of a country and the value of goods and services imported into the country. ... The balance of trade can be a “favorable” surplus (exports exceed imports) or an “unfavorable” deficit (imports exceed exports).
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