Which term is defined as the difference between the value of a nation’s imports and the value of its exports? a. per capita income b. gross domestic product c. consumer price index d. balance of trade

The benefit a country of the difference in value between a nation's exports animports, including both goods and services. ... Shortfall that occurs when the total value of a nation's imports is higher than the total value of its exports. Balance of payments. A measure of the total flows of money into or out of a country.