Comprehension:
Five countries engage in trade with each other. Each country levies import tariffs on the other countries. The import tariff levied by Country $\text{X}$ on Country $\text{Y}$ is calculated by multiplying the corresponding tariff percentage with the total imports of Country $\text{X}$ from Country $\text{Y}$.
The radar chart below depicts different import tariff percentages charged by each of the five countries on the others. For example, US (the blue line in the chart) charges $20 \%, 40 \%, 30 \%$, and $30 \%$ import tariff percentages on imports from France, India, Japan, and UK, respectively. The bar chart depicts the import tariffs levied by each county on other countries. For example, US charged import tariff of $3$ billion USD on UK.
Assume that imports from one country to another equals the exports from the latter to the former.
The trade surplus of Country $\text{X}$ with Country $\text{Y}$ is defined as follows.
Trade surplus $=$ Exports from Country $\text{X}$ to Country $\text{Y}-$ Imports to Country $\text{X}$ from Country $\text{Y}$.
A negative trade surplus is called trade deficit.
What is the trade surplus/trade deficit of India with UK?
- Surplus of $15.0$ Billion USD
- Deficit of $15.0$ Billion USD
- Surplus of $10.0$ Billion USD
- Deficit of $10.0$ Billion USD