ECONOMICS
BALANCE OF TRADE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The Balance of Trade shows a deficit of Rs. 5000 crores and the value of imports are Rs. 9000 crores, what is the value of exports?
|
|
Rs. 14000 crores
|
|
|
Rs. (-) 4000 crores
|
|
|
Rs. 4000 crores
|
|
|
Rs. 7000 crores
|
Explanation:
Detailed explanation-1: -So, Exports = Balance of trade + Imports = (−5000)+9000=Rs. 4000 crores.
Detailed explanation-2: -Exports = Balance of Trade + Imports =-4, 000 + 10, 000 = 6, 000.
Detailed explanation-3: -So, Imports = Exports-Balance of trade = 300−(−)400=Rs. 700 crores.
Detailed explanation-4: -The trade deficit is calculated by taking the value of goods being imported and subtracting it by the value of goods being exported. If a country has a trade deficit, it imports (or buys) more goods and services from other countries than it exports (or sells) internationally.
Detailed explanation-5: -Imports = Exports-Balance of Trade = 500-(-600) = 1, 100. Q.
There is 1 question to complete.