Question

Balance of trade deficit of one country is ₹ 5,000 crore. If the value of imports is ₹ 9,000 crore, calculate the value of export.

Answer 1

Value of exports is Rs. 14000 crore

Explanation:

Given,

Balance of trade = Rs. 5000 crore

Value of imports = Rs.9000 crore

Value of exports = ?

According to the questions,

We know that,

Balance of trade = country exports - country imports

Or,

country of exports = Balance of trade + country import

country of exports = 5000 + 9000

country of exports = Rs .14000 crore

Value of exports is Rs. 14000 crore

Answer 2

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

$\red{ \textsf{Value of imports is \orange{Rs. 14000 crore .}}}$

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

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

$\orange{ \textsf{Balance of trade deficit = Rs. 5000 crore}}$

$\orange{ \textsf{Value of exports = Rs. 9000 crore}}$

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

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

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

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

$\red{ \textsf{ - 5000 crore = 9000 crore - Value of imports }}$

$\red{ \textsf{Value of imports = 9000 crore + 5000 crore }}$

$\red{ \textsf{Value of imports = 14000 crore}}$

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

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

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 .