Iift 2017 Question 96
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IIFT
Trade balance = Imports - Exports
For 2012:
Manufactures Trade balance = Manufactures import - manufactures export
= 500*(35/100) - 275*(65/100) = -3.75 (From Graph)
For 2013:
Manufactures Trade balance = 475*(40/100) - 350*(60/100) = -20
For 2014:
Manufactures Trade balance = 450*(45/100) - 325*(55/100) = 23.75
For 2015:
Manufactures Trade balance = 375*(50/100) - 275*(70/100) = -5
For 2016:
Manufactures Trade balance = 350*(55/100) - 250*(75/100) = 5
Number of positive trade balances = 2
Number of negative trade balances = 3
Proportion of positive and negative trade balances = 2:3