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 $-$ ImportsTotal trade $=$ Exports $+$ ImportsNormalized trade balance $=$ Trade balance $/$ Total trade, expressed in percentage termsThe following information is known.The normalized trade balances of $\mathrm{P}$, $\mathrm{X}$ and $\mathrm{C}$ are $0\%, 10\%,$ and $-20\%,$ respectively.$40\%$ of exports of $\mathrm{X}$ are to $\mathrm{P}$. $22\%$ of imports of $\mathrm{P}$ are from $\mathrm{X}$.$90\% $of exports of $\mathrm{C}$ are to $\mathrm{P}$; $4\%$ are to ROW.$12\%$ of exports of ROW are to $\mathrm{X}$, $40\%$ are to $\mathrm{P}$.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?$100$$0$$-200$$200$ Others cat2025-set3 + – Shubham Sharma 2 4.7k points 201 views answer comment Share Follow Print 0 reply Please log in or register to add a comment.