• edited by
201 views
0 0 votes

Answer the questions on the basis of the information given below.

Three countries - Pumpland ($\mathrm{P}$), Xiland ($\mathrm{X}$) and Cheeseland ($\mathrm{C}$) - trade among themselves and with the (other countries in) Rest of World (ROW). All trade volumes are given in IC (international currency). The following terminology is used:

  • Trade balance $=$ Exports $-$ Imports
  • Total trade $=$ Exports $+$ Imports
  • Normalized trade balance $=$ Trade balance $/$ Total trade, expressed in percentage terms

The following information is known.

  1. The normalized trade balances of $\mathrm{P}$, $\mathrm{X}$ and $\mathrm{C}$ are $0\%, 10\%,$ and $-20\%,$ respectively.
  2. $40\%$ of exports of $\mathrm{X}$ are to $\mathrm{P}$. $22\%$ of imports of $\mathrm{P}$ are from $\mathrm{X}$.
  3. $90\% $of exports of $\mathrm{C}$ are to $\mathrm{P}$; $4\%$ are to ROW.
  4. $12\%$ of exports of ROW are to $\mathrm{X}$, $40\%$ are to $\mathrm{P}$.
  5. The export volumes of $\mathrm{P}$, in IC, to $\mathrm{X}$ and $\mathrm{C}$ are $600$ and $1200$, respectively. $\mathrm{P}$ is the only country that exports to $\mathrm{C}$.

What is the trade balance of ROW?

  1. $100$
  2. $0$
  3. $-200$
  4. $200$

Please log in or register to answer this question.

Position:
Show:

Related questions

0 0 votes
0 0 answers
206
206 views
Shubham Sharma 2 asked Jul 28
206 views
Answer the questions on the basis of the information given below.Three countries - Pumpland ($\mathrm{P}$), Xiland ($\mathrm{X}$) and Cheeseland ($\mathrm{C}$) - trade am...
0 0 votes
0 0 answers
222
222 views
Shubham Sharma 2 asked Jul 28
222 views
Answer the questions on the basis of the information given below.Three countries - Pumpland ($\mathrm{P}$), Xiland ($\mathrm{X}$) and Cheeseland ($\mathrm{C}$) - trade am...
0 0 votes
0 0 answers
197
197 views
Shubham Sharma 2 asked Jul 28
197 views
Answer the questions on the basis of the information given below.Three countries - Pumpland ($\mathrm{P}$), Xiland ($\mathrm{X}$) and Cheeseland ($\mathrm{C}$) - trade am...
0 0 votes
0 0 answers
220
220 views
Shubham Sharma 2 asked Jul 28
220 views
Answer the questions on the basis of the information given below.Three countries - Pumpland ($\mathrm{P}$), Xiland ($\mathrm{X}$) and Cheeseland ($\mathrm{C}$) - trade am...
0 0 votes
0 0 answers
215
215 views
Shubham Sharma 2 asked Jul 28
215 views
Answer the questions on the basis of the information given below.Seven children, Aarav, Bina, Chirag, Diya, Eshan, Farhan, and Gaurav, are sitting in a circle facing insi...