Home › CBSE Class 12 (Arts) › Economics › Open Economy Macroeconomics › India exports goods worth 150 and imports goods …
India exports goods worth 150 and imports goods worth 240 (million USD). The trade balance is what?
AA surplus of 90
BA surplus of 390
CA deficit of 390
DA deficit of 90
Answer & Solution
Correct answer: D. A deficit of 90
Imports exceed exports by 240 minus 150, so there is a trade deficit of 90 million USD.
Related questions
Which of these is part of the current account as per the BoP definition?If outflows exceed inflows, all else equal, a currency is likely to come under pressure toAfter Bretton Woods, the principal de facto reserve currency has been theA stronger currency tends to make a nation's exportsWho developed the theory of comparative advantage?Which 1997 event led emerging economies to rethink reliance on free markets?A BoP crisis occurs when a nation cannot pay forThe Bretton Woods system came to an end between which years?