Question

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Q - Balance of trade shows the surplus of 10,000 crore RS and the import of goods is half of the export of goods. Find the value of export ?

Answer 1

⭕️Let us for Suppose the value of export be x

⭕️Balance of trade = 10,000 crore

⭕️Import will be = 1/2 of exports

⭕️Balance of trade

= Export - import

= Export -1/2 export

10,000 = x-x/2

10,000 = x/2

✔️✔️✔️therefore

x = 20,000 crore....



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Answer 2

Answer:

Value of exports will be ₹20000 crores.

Explanation:

Balance of trade:

Balance of trade is also known as net export, or trade balance. It is usually a difference between the country's export and import of goods (visible items) for a given period of time. In this, imports and exports of services (invisible items) is not included. It is the largest component of the country’s Balance of Payment (BOP). When the value of imports is more than exports, it is considered as an unfavorable balance of trade or trade deficit and if the value of exports is more than the value of imports than it is called a favorable balance or trade surplus for a country.

BOT= Exports - Imports

Given:

According to the question:

BOT Surplus= ₹10000 crores
Import= Half of exports

Solution:

Let the exports be $x$
Imports= $\frac{1}{2} x$
BOT Surplus= ₹10000 crores

⇒ 10000= $x-\frac{1}{2} x$
⇒ 10000= $\frac{1}{2}x$
$x$= ₹20000 crores

∴ The value of export= ₹20000 crores