Which of the Following Is the Best Description of the Balance

Short Answer

Which of the following is the best description of the balance of trade?
The total of a nation's revenues from income taxes minus its expenditures on goods and services
Changes in currency values and price changes
The profitability of business firms that are exporting goods and services
The total of a nation's exports minus its imports
The total value of all services provided to foreigners during a one year time period