Answer the questions based on the information given below:
Balance of trade (BOT) is the difference between the value of a country's exports and the value of its imports for a given period.

What is the ratio of import and export taken together for the UK and NewZealand?

5 : 4

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4 : 5

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4 : 3

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3 : 4

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Solution

The correct option is B 4 : 5
The ratio of import and export taken together for UK and New Zealand is 5 × (12 + 0.04) : 4 ( .23 + 0.02) = 0.8 : 1= 4 : 5

Hence, option B is correct.

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Answer the questions based on the information given below: Balance of trade (BOT) is the difference between the value of a country's exports and the value of its imports for a given period. What is the ratio of import and export taken together for the UK and NewZealand?

The correct option is B 4 : 5The ratio of import and export taken together for UK and New Zealand is 5 × (12 + 0.04) : 4 ( .23 + 0.02) = 0.8 : 1= 4 : 5 Hence, option B is correct.

Answer the questions based on the information given below:
Balance of trade (BOT) is the difference between the value of a country's exports and the value of its imports for a given period.

What is the ratio of import and export taken together for the UK and NewZealand?

The correct option is B 4 : 5
The ratio of import and export taken together for UK and New Zealand is 5 × (12 + 0.04) : 4 ( .23 + 0.02) = 0.8 : 1= 4 : 5

Hence, option B is correct.