: SAGE: balance of goods and services

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balance of goods and services

The balance of goods and services, also known as the trade balance, is part of the Current Account (CA) balance in a nation's Balance of Payments (BoP) statistics. This net measure of a country's position with respect to trade in goods and services is a widely cited statistic in the context of the current U.S. trade deficit and implications for its sustainability in future years. [Source: Encyclopedia of Business in Today's World; Balance of Goods and Services]

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