Final answer:
The record of all individual, business, and government transactions between one nation and those of the rest of the world is called the balance of trade.
Step-by-step explanation:
The record of all individual, business, and government transactions between one nation and those of the rest of the world is called the balance of trade. It is a measure of the difference between a nation's exports and imports. The Census Bureau compiles this record through monthly import and export documents, additional surveys covering transportation and travel, and adjustments for financial services.