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| What is correct in respect of balance of trade? |
Balance of trade records the volume of goods imported as well as exported by a country to other countries. Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. Balance of trade records the value of goods imported as well as exported by a country to other countries. Balance of trade records the Value of goods and services imported as well as exported by a country to other countries. |
| Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. |
| Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. If the value of imports is more than the value of a countrys exports, the country has negative or unfavourable balance of trade. If the value of exports is more than the value of imports, then the country has a positive or favourable balance of trade. |
