Distinction between overall exports and imports is related to

A. factor income

B. transfer Payments

C. balance of trade

D. account balance

Answer: Option C

Solution(By Examveda Team)

Distinction between overall exports and imports is related to balance of trade. The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments. Economists use the BOT to measure the relative strength of a country's economy.