If exports are ₹300 crore and imports are ₹220 crore, what are net exports?
Answer and explanation
Correct answer: ₹80 crore
Net exports are calculated as exports minus imports: NX = X − M. Therefore, NX = ₹300 crore − ₹220 crore = ₹80 crore. The positive result means exports exceed imports by ₹80 crore, so the country has a trade surplus for this calculation. ₹520 crore is the combined total, not net exports; the individual figures are not the answer to the subtraction.
Frequently asked questions
What is the correct answer to this question?
₹80 crore
Why is this the correct answer?
Net exports are calculated as exports minus imports: NX = X − M. Therefore, NX = ₹300 crore − ₹220 crore = ₹80 crore. The positive result means exports exceed imports by ₹80 crore, so the country has a trade surplus for this calculation. ₹520 crore is the combined total, not net exports; the individual figures are not the answer to the subtraction.
Which subject and chapter does this question cover?
This is a Class 12 Economics question. Chapter: National Income and Related Aggregates. Topic: Methods of calculating national income - Expenditure Method.
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