Question

Balance of trade deficit of one country is ₹ 4,000 crore. If the value of export is ₹ 13,000 crore, calculate the value of imports.

Answer 1

Value of import is Rs.9000 crore

Explanation:

Given,

Balance of trade deficit of one country = Rs.4000 crore

Value of export = 13000 crore

Value of import = ?

We know that,

balance of trade deficit = country exports - country imports

country's imports = country exports - balance of trade

country's imports =  13000 - 4000

country's imports = 9000 crore

Value of import is Rs.9000 crore

Answer 2

$\huge \purple{ \underline{ \boxed{ \red{ \mathbb{ANSWER : }}}}}$

$\red{ \textsf{Value of imports is \orange{Rs. 17000 crore .}}}$

$\huge \purple{ \underline{ \boxed{ \red{ \mathbb{EXPLANATION : }}}}}$

$\large \green{ \underline{ \underline{ \mathbb{GIVEN : }}}}$

$\orange{ \textsf{Balance of trade deficit = Rs. 4000 crore}}$

$\orange{ \textsf{Value of exports = Rs. 13000 crore}}$

$\large \green{ \underline{ \underline{ \mathbb{FORMULA \: USED : }}}}$

$\orange{ \textsf{Balance of trade = Value of exports - Value of imports }}$

$\large \green{ \underline{ \underline{ \mathbb{SOLUTION : }}}}$

$\red{ \textsf{Balance of trade = Value of exports - Value of imports }}$

$\red{ \textsf{ - 4000 crore = 13000 crore - Value of imports }}$

$\red{ \textsf{Value of imports = 13000 crore + 4000 crore }}$

$\red{ \textsf{Value of imports = 17000 crore}}$

$\large \green{ \underline{ \underline{ \mathbb{KNOW \: MORE : }}}}$

$\orange{ \mathbb{BALANCE \: OF \: TRADE : }}$

Balance of trade is the difference between a country's exports and imports of goods .

$\orange{ \mathbb{EXPORTS : }}$

Goods and services produced in one country but supplied to buyers in another are known as exports .

$\orange{ \mathbb{IMPORTS : }}$

An import is a good or service bought in one country that was produced in another country .