Question

Balance of Import and Export Goods called?

Answer 1

Answer: Balance of trade

Explanation:

The balance of trade represents the difference between the value of a country's exports and imports of goods over a specific period. Think of it as a country's scorecard showing whether it's selling more to other nations than it's buying from them.

When a country exports more goods than it imports, it creates a trade surplus, which is generally considered favorable. Conversely, when imports exceed exports, the country experiences a trade deficit. For example, if India exports goods worth