Which transactions determine the balance of trade? When is balance of

1.	Which transactions determine the balance of trade? When is balance of trade in surplus?
Answer» Balance of trade refers to difference between the amounts of exports and imports of visible items (goods). It includes only visible items (goods). BOT = Export – Import Balance of trade is in surplus when exports are more than imports or BOT is positive.

Which transactions determine the balance of trade? When is balance of trade in surplus?

Answer»

Balance of trade refers to difference between the amounts of exports and imports of visible items (goods). It includes only visible items (goods).

BOT = Export – Import

Balance of trade is in surplus when exports are more than imports or BOT is positive.

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Which transactions determine the balance of trade? When is balance of trade in surplus?

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