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                              Q:
                           
                           
                                                      | A) assets and liabilities | B) balance of payment | 
| C) GDP | D) balance of trade | 
                              Answer:   D) balance of trade 
                              
                                                            
                              
Explanation:
                               
                           
                           Explanation:
The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.
 
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