Question

if balance of Trade is showing a deficit of 15000 and value
of exports is 25000, then value of Imports will be_____________​

Answer 1

Answer:

Balance of Trade: It refers to the total value of country's export commodities and total value of imports commodities. Thus, balance of trade includes only visible trade , ie movement of goods (exports and imports of goods.) Balance of trade is a part of the balance of payment statement. It is in equilibrium when visible exports match visible imports. Thus a balance of trade deficit of 15,000 implies that imports exceed exports by 15,000.

Answer 2

Answer:

40000

Explanation:

BOT =export - import

-15,000= 25000 - import

Import= 25,000+15,000

Import =40,000

Bot is deficit so it is taken as -15,000