Question
Study the table and answer the question that follow:
World Imports and Exports(in millions of US $)
1955
1965
1975
1985
1995
2005
Exports
Total Merchandise
Imports
Total Merchandise
95,000
99,000
1,90,000
1,99,000
8,77,000
9,12,000
19,54,000
20,15,000
51,62,000
52,92,000
1,03.93,000
1,07,53,000
(14.1) Which decade shows the highest increase of total Value of imports and exports of goods and services?
(14.2) How much is the increase in total value of exports during 1955 to 2005?
(14.3) Why does the need for trade arise ?
Study the table and answer the question that follow:
World Imports and Exports(in millions of US $)
|
|
|
1955 |
1965 |
1975 |
1985 |
1995 |
2005 |
|
Exports Total Merchandise
Imports Total Merchandise |
95,000
99,000 |
1,90,000
1,99,000 |
8,77,000
9,12,000 |
19,54,000
20,15,000 |
51,62,000
52,92,000 |
1,03.93,000
1,07,53,000 |
|
(14.1) Which decade shows the highest increase of total Value of imports and exports of goods and services?
(14.2) How much is the increase in total value of exports during 1955 to 2005?
(14.3) Why does the need for trade arise ?
Solution
(14.1) 1965-1975
(14.2) 10393000-95000 = 102,98,000 millions of US $
(14.3) Economic development
