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If trade deficit is ₹ 1,500 crores and import of goods are ₹ 3,500 crores, value of export of goods will be ₹ 2,000 crores.
- a)True
- b)False
- c)Partially true
- d)Can't be predicted
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
If trade deficit is 1,500 crores and import of goods are 3,500 crore...
Trade deficit = Value of import of goods - Value of export of goods
1,500 = 3,500 - Value of export of goods
∴ Value of export of goods = 3,500 -1,500
= ₹ 2,000
1,500 = 3,500 - Value of export of goods
∴ Value of export of goods = 3,500 -1,500
= ₹ 2,000
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Community Answer
If trade deficit is 1,500 crores and import of goods are 3,500 crore...
Trade deficit:
- Trade deficit refers to the situation where the value of imports exceeds the value of exports.
- It represents a negative balance of trade for a country.
- In other words, trade deficit occurs when a country's imports are greater than its exports.
Given information:
- Trade deficit is 1,500 crores.
- Import of goods is 3,500 crores.
- Value of export of goods will be 2,000 crores.
Calculating export of goods:
- Trade deficit is the difference between imports and exports.
- We know that the trade deficit is 1,500 crores.
- Import of goods is 3,500 crores.
- Therefore, we can calculate the value of exports using the formula:
Trade deficit = Imports - Exports
1,500 crores = 3,500 crores - Exports
- Solving for Exports:
Exports = Imports - Trade deficit
Exports = 3,500 crores - 1,500 crores
Exports = 2,000 crores
Conclusion:
- The value of export of goods is calculated to be 2,000 crores based on the given information.
- Therefore, the correct answer is option 'A' - True.
- Trade deficit refers to the situation where the value of imports exceeds the value of exports.
- It represents a negative balance of trade for a country.
- In other words, trade deficit occurs when a country's imports are greater than its exports.
Given information:
- Trade deficit is 1,500 crores.
- Import of goods is 3,500 crores.
- Value of export of goods will be 2,000 crores.
Calculating export of goods:
- Trade deficit is the difference between imports and exports.
- We know that the trade deficit is 1,500 crores.
- Import of goods is 3,500 crores.
- Therefore, we can calculate the value of exports using the formula:
Trade deficit = Imports - Exports
1,500 crores = 3,500 crores - Exports
- Solving for Exports:
Exports = Imports - Trade deficit
Exports = 3,500 crores - 1,500 crores
Exports = 2,000 crores
Conclusion:
- The value of export of goods is calculated to be 2,000 crores based on the given information.
- Therefore, the correct answer is option 'A' - True.
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