Answer:
The balance of trade.
Explanation:
Romernia has an exports value of $400 million and imports of $700 million. The comparism of exports to imports is called balance of trade.
Romernia is importing more than it is exporting so it is said to have a balance of trade deficit.
If however the value of its exports is more than imports it will have a balance of trade surplus.
Answer:
Net export or Balance of trade
Explanation:
The difference in exports and import for n entity or a country is known as the balance of trade or net exports.
As such where Romernia, an Asian country, imported goods and services worth $700 million in the last fiscal year and exported goods worth $400 million in the same year.
Romernia's net export of balance of trade is ($300 million). Negative because the export is less than the import.
