If balance of trade is showing a deficit of ₹ 10,000 and value of exports is ₹ 15,000, then the value of imports will be ₹ 25,000. (True/ False)
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True.Expianation:
Value of imports in this case will be ₹ 25,000 We know that, Balance of Trade = Value of exports - Value of imports Or, Value of Imports = Value of exports - Balance of trade = ₹ 15,000 –(-) ₹ 10,000= ₹ 15,000 + ₹ 10,000 = ₹ 25,000 Therefore, value of imports will be ₹ 25,000
Value of imports in this case will be ₹ 25,000 We know that, Balance of Trade = Value of exports - Value of imports Or, Value of Imports = Value of exports - Balance of trade = ₹ 15,000 –(-) ₹ 10,000= ₹ 15,000 + ₹ 10,000 = ₹ 25,000 Therefore, value of imports will be ₹ 25,000
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