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Question

Calculate balance of trade if the following data is given:

Imports of Oil600Exports of spices200Exports of Books300Import of Tourism300


A

-200

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B

-100

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C

400

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D

500

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Solution

The correct option is B

-100


Balance of trade only looks at visible items- books, oil and spices.

BoT= Exports of books + Exports of spices - Imports of oil = 300 + 200 - 600 = (-)100


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