- 07/05/2019 at 1:50 pm #1351014EduGorillaKeymasterSelect Question Language :
Consider the information provided in the figure below relating to India’s foreign trade in 1997-98 and the first eight months of 1998-99. Total trade with a region is defined as the sum of exports to and imports from that region. Trade deficit is defined as the excess of imports over exports. Trade deficit may be negative.
A: U.S.A B: Germany C: Other E.U. D: U.K.
E: Japan F: Russia G: Other East Europe H: OPEC
I: Asia J: Other L.D. Cs K: Others
Assume that the average monthly exports from India and imports to India during the remaining four months of 1998-99 would be the same as that for the first eight months of the year.
What is the percentage growth rate in India’s total trade deficit between 1997-98 and 1998-99?
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