A country exported goods worth Rs 600 crores, whereas, its imports amounted to Rs 700 crores. Calculate the volume of balance of trade and indicate it

Question

A country exported goods worth Rs 600 crores, whereas, its imports amounted to Rs 700 crores. Calculate the volume of balance of trade and indicate it

A country exported goods worth Rs 600 crores, whereas, its imports amounted to Rs 700 crores. Calculate the volume of balance of trade and indicate its nature.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Correct Answer - Balance of Trade (BOT) = Exports - Imports = 600 - 700 = Rs (-) 100 Crores
BOT is unfavourable to the extent of Rs 100 crores as imports are more than exports.
Balance of Trade (BOT) = Exports - Imports = 600 - 700 = Rs (-) 100 Crores
BOT is unfavorable to the extent of Rs 100 crores as imports are more than exports.