Problem on value of imports
The balance of trade demonstrates a deficit of Rs 300 crore. The values of exports are Rs 500 crore. Determine the value of imports? Answer: As Balance of trade = Export - Import 300 = 500 - Import Import = 300 + 500 = 800 crore
The balance of trade demonstrates a deficit of Rs 300 crore. The values of exports are Rs 500 crore. Determine the value of imports?
Answer:
As Balance of trade = Export - Import 300 = 500 - Import Import = 300 + 500 = 800 crore
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The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?
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