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Question
In the above question 15, if exports change to X = 100, find the net export balance.
Options
10
30
20
40
MCQ
Solution
20
Explanation:
Net export balance NX = X − M − 0.05Y
= 100 − 50 − 0.05 × 600
= 50 − 0.05 x 60
= 50 − 30
= 20
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Liberalisation
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