The ____ Is the Difference in Value Between a Nation's

question 105

Multiple Choice

The ____ is the difference in value between a nation's exports and its imports.

• A) net trade value
• B) export/import ratio
• C) gross domestic product
• D) balance of payments
• E) balance of trade

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Definitions:

Expense

The cost or expenditure incurred in the transaction of an activity or the procurement of goods and services.

On-Campus Dorm

Residential facilities located on a college or university campus where students can live while attending the institution.

Manage Money

The process of organizing, planning, and controlling financial resources effectively to meet personal or business goals.

Budget

An estimate of income and expenditure for a set period of time.