Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which one of the following does not describe balance of trade? Part 2 A. Balance of trade is the largest item in the current account.
Which one of the following does not describe balance of trade? Part 2 A. Balance of trade is the largest item in the current account. B. Balance of trade is equal to the sum of current account balance and financial account balance. C. Balance of trade shows when exports are larger than imports, there is a trade surplus. D. Balance of trade is the difference between the value of goods a country exports and the value of goods a country imports
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started