Suppose, the Balance of Trade of an imaginary economy shows a favourable balance of Rs. 500 crore. The values of merchandise exports are Rs. 1200 crore and transfer payments are Rs. 400 crore.
The value of merchandise imports would be ______ .
(Choose the correct alternative to fill in the blank)
Suppose, the Balance of Trade of an imaginary economy shows a favourable balance of Rs. 500 crore. The values of merchandise exports are Rs. 1200 crore and transfer payments are Rs. 400 crore.
The value of merchandise imports would be ______ .
(Choose the correct alternative to fill in the blank)
Show Hint
- 1700
- 750
- 700
- 900
The Correct Option is C
Solution and Explanation
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