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Calculating value of imports

Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.

E

Expert

Verified

Balance of Trade = Exports - Imports
Imports = Exports – Balance of trade = 400 - (-160) = 560
Or Imports = Exports + net imports
= 400 + 160 = 560

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