The balance of trade is a record of ?
Correct answer: D. the value of merchandise exports minus imports
- A. exports and imports of financial assets
- B. the current account plus capital account
- C. the net export of goods and services
- D. the value of merchandise exports minus imports
Explanation
The balance of trade is specifically the value of merchandise exports minus merchandise imports. Net exports of goods and services are broader and form part of the current account.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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