The Value of Exports Minus the Value of Imports in a Period

question 73

Multiple Choice

The value of exports minus the value of imports in a period is called the:

• A)budget balance.
• B)trade balance.
• C)trade gap.
• D)international equilibrium.

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Definitions:

Service Company

A business entity that provides professional services, expertise, or support to its clients rather than physical goods.

Gross Profit

The difference between revenue and the cost of goods sold, reflecting the core profitability of a company's operations.

Operating Expenses

Costs related to the normal day-to-day operations of a business, excluding the cost of goods sold.