Question

what is balance trade
ans: Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period. ... Sometimes the balance of trade between a country's goods and the balance of trade between its services are distinguished as two separate figures.
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Answer 1

Answer:

Balance of trade (BOT) is the difference between the value of a country's exports and the value of a country's imports for a given period.

Balance of Trade formula = Country's Exports – Country's Imports. For the balance of trade examples, if the USA imported $1.8 trillion in 2016, but exported $1.2 trillion to other countries, then the USA had a trade balance of -$600 billion, or a $600 billion trade deficit.

Types of Balance of Trade:

Favourable Balance of Trade: The situation, wherein country's exports exceed imports is a situation of favourable or surplus balance of trade.

Unfavourable/Deficit Balance of Trade: ADVERTISEMENTS: ...

Equilibrium in Balance of Trade: ADVERTISEMENTS:

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