Question
If exports to Korea from China forms 80% of the exports to Asia and imports from Korea forms 73% of import from Asia then trade balance of China as defined earlier with Korea is
Answer: Option C
:
C
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C
Strategy- Change the scale to minimize calculation
From both Import and Export figures, strike out the last 4 digits = 1750 & 1400 approximately
The answer options are far apart, therefore we can easily approximate.
ChinaImports(1750)Exports(1400)Asia(40%)1750×40%=7001400×40%=560Korea(73%, 80%)700×73%=511560×80%=448
Trade Deficit= Import- Export = 511 - 448≈63. Hence answer is option (c)
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