Question

Suppose that Bangladesh, India, Pakistan, and Nepal are economically interdependent. The following table shows the exports and imports of each country, with all monetary values given in millions of equivalent US dollars. Country of Origin Exporting to... Amount ($ 2007-13-04-00-00_files/i0260000.jpg 1,000,000) Bangladesh India 2,817 Bangladesh Pakistan 2,369 Bangladesh Nepal 3,039 India Bangladesh 2,023 India Pakistan 3,462 India Nepal 2,184 Pakistan Bangladesh 3,201 Pakistan India 2,336 Pakistan Nepal 2,338 Nepal Bangladesh 2,707 Nepal India 3,363 Nepal Pakistan 2,332 Based on the information in the table, assuming that these four countries trade strictly within the group, what is the value of the greatest trade balance in this group? a. $841 million b. $847 million c. $8,402 million d. $8,516 million

Answer 1

The answer is A. $841 million

Answer 2

1. Total trade between Bangladesh and other three nations which are India , Pakistan, Nepal= 2,817  +  2,369  + 3,039=$ 8,225

2. Total trade between India and other three nations which are Bangladesh  , Pakistan, Nepal= 2,023 +3,462 + 2,184=$7669

3.  Total trade between Pakistan and other three nations which are Bangladesh,India, Nepal=3,201 + 2,336 +2,338= $7875

4. Total trade between Nepal and other three nations which are Bangladesh,India, Pakistan=2,707 +3,363+2,332 = $ 8402

The greatest trade is between Nepal and other three nations which are Bangladesh,India, Pakistan=2,707 +3,363+2,332 = $ 8402→→Option (C)