Question:medium

In macroeconomics, the difference between a country’s exports and imports of goods is known as:

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Remember: Trade = Goods. When economists talk about "Balance of Trade," they are looking at physical containers and products. When they talk about "Balance of Payments," they are looking at the entire financial ledger.
Updated On: May 13, 2026
  • Balance of Payments
  • Balance of Trade
  • Current Account Deficit
  • Foreign Exchange Reserve
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The Correct Option is B

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