Question

Imports and Exports are the two major components in balance of trade.

Please select the best answer from the choices provided

True or false​

Answer 1

True

Step-by-step explanation:

The balance of trade refers to the difference in imports and exports.This is one component of a country's gross domestic product-exports minus imports.If exports are greater than imports,this trade component of GDP is positive and adds to GDP,while if imports ard greater international trade subtracts from GDP

Answer 2

true according to my teacher

Step-by-step explanation: