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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 18: B: The Balance of Payments and Exchange Rates
  5. Question
    A Nation's Merchandise Balance of Trade Is Equal to Its
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A Nation's Merchandise Balance of Trade Is Equal to Its

Question 22

Question 22

Multiple Choice

A nation's merchandise balance of trade is equal to its exports less its imports of:


A) goods.
B) goods and services.
C) financial assets.
D) official reserves.

Correct Answer:

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