Value of imports of goods, The country’s balance of trade is Rs.500 crores. The value of

Value of imports of goods

The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?

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Balance of trade = Value of exports – Value of imports

500 = 650 - value of imports

Value of imports = 650 - 500
= Rs. 150 crores.

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