Question 21 of 26
Q.Give an economic term:
The difference between the value of a country's exports and imports for a given period.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2025Subjective· 1mImportance★★★★★
81% · 21/26 Questions
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Start your 14-day free trial to unlock the full solution →The economic term is Balance of Trade (BOT).
Balance of trade records only the visible items — the export and import of physical goods (merchandise) — of a country during a period. If exports exceed imports it is a favourable/surplus BOT; if imports exceed exports it is an unfavourable/deficit BOT; equal values give a balanced BOT. It is narrower than the Balance of Payments, which also include …
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