Question 66

The following table shows the imports and exports (in Rs.crore) of a country over 4 years (2016 to 2019).
The average trade balance (in Rs.crores) is:

Solution

Trade balance (in Rs.crores) in 2016 = 130 - 125 = 5

Trade balance (in Rs.crores) in 2017 = 150 - 145 = 5

Trade balance (in Rs.crores) in 2018 = 175 - 165 = 10

Trade balance (in Rs.crores) in 2019 = 200 - 188 = 12

Average trade balance (in Rs.crores) = $$\frac{5 + 5 + 10 + 12}{4}$$ = 32/4 = 8

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