Question

(1) 190
Calculate the value of exports when balance of trade is Rs. 700 Crore and value of imports
is Rs. 400 Crore.​

Answer 1

The value of export in this case is Rs. 1100 crore.

Explanation:

We know that the formula for calculating Balance of Trade is total exports minus total imports.In this question,balance of trade is Rs. 700 crore and the total value of import is given as Rs. 400 crore.

Hence,by using the formula to calculate balance of trade,we can state:-

Balance of Trade=Total Export-Total Import

$700=Total Export-400$(Assuming the unit of measurement is Rs and crores)

$700+400=Total Export$

$1100=Total Export$

Therefore,the total value of export in this case is Rs.1100 crore.