The difference between the total amount owed to a country and the total amount owed by it is
Answer Details
The correct answer is "balance of payments."
The balance of payments refers to the difference between the total amount of money a country receives from other countries (exports, foreign aid, investments, etc.) and the total amount of money it pays out to other countries (imports, foreign debt, etc.).
If a country receives more money from other countries than it pays out, it is said to have a "trade surplus." If it pays out more than it receives, it has a "trade deficit" or "trade gap." However, the balance of payments includes not just trade, but all transactions between a country and other countries, including investment flows, foreign aid, and other financial transfers.
Therefore, the difference between the total amount owed to a country and the total amount owed by it is known as the "balance of payments."