Question

The balance of trade
of trade shows
deficit
of Rs 300 cores
and Value of
Rs 500 500 Crore. what is the value of
Imports?
exports
is​

Answer 1

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

$\red{ \textsf{Value of imports is \orange{Rs. 800 crore .}}}$

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

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

$\orange{ \textsf{Balance of trade deficit = Rs. 300 crore}}$

$\orange{ \textsf{Value of exports = Rs. 500 crore}}$

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

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

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

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

$\red{ \textsf{ - 300 crore = 500 crore - Value of imports }}$

$\red{ \textsf{Value of imports = 500 crore + 300 crore }}$

$\red{ \textsf{Value of imports = 800 crore}}$

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

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

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 .