Surplus of balance of trade of one country is ₹ 3,000 crore. If the value of export is ₹ 8,000 crore, calculate the value of import.
Answers
Answered by
2
Value of imports is Rs.5000 crore
Explanation:
Given,
Balance of trade = Rs.3000 crore
Value of exports = Rs.8000 crore
Value of import = ?
We know that,
Balance of trade = value of exports - value of imports
Value of imports = value of exports - balance of trade
= 8000 - 3000
= 5000 crore
Value of imports is Rs.5000 crore
Answered by
0
Balance of trade is the difference between a country's exports and imports of goods .
Goods and services produced in one country but supplied to buyers in another are known as exports .
An import is a good or service bought in one country that was produced in another country .
Similar questions