One country’s export is ₹ 7,500 crore and import is ₹ 6000 crore. What will be the balance of trade ?
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a crore or koti denotes 10 million and is equal to 100 lakhe crore is....one lakha crore rupees= 1 lakha crore=1lakha crore=10=rs10
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Balance of trade is Rs.1500 crore
Explanation:
Given,
country's export = Rs.7500 crore
country's import = Rs.6000 crore
We know that,
Balance of trade = country's exports - country's imports
Balance of trade = 7500 - 6000
Balance of trade = 1500 crore
Balance of trade is Rs.1500 crore
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