A) Country's Income and Expense
B) Country's Exports and Imports
C) Country's Tax Revenue and Expense
D) Country's capital inflow and outflow
Correct Answer: B
Solution :
Balance of Trade (BOT) is the difference between a country's imports and its exports for a given time period. It is the largest component of the country's balance of payments. If a country exports a greater value than it imports, it is called a trade surplus, and conversely, if a country imports a greater value than it exports, it is called a trade deficit or "trade gap."
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