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.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
_______ is needed to balancell the balance of payments statements?
The differences between a country's merchandise exports and its merchandise imports is the ?
Which of the following statements about economic fluctuations is true ?
Historically countries at early stages of rapid economic development have tender to experience ?
When a country has a trade deficit it ?
A current account surplus implies that ?