Unfold Prep
CAT 2025 · SLOT 1
Passage
Five countries engage in trade with each other. Each country levies import tariffs on the other countries. The import tariff levied by Country X on Country Y is calculated by multiplying the corresponding tariff percentage with the total imports of Country X from Country Y.
The radar chart below depicts different import tariff percentages charged by each of the five countries on the others. For example, US (the blue line in the chart) charges 20%, 40%, 30%, and 30% import tariff percentages on imports from France, India, Japan, and UK, respectively. The bar chart depicts the import tariffs levied by each county on other countries. For example, US charged import tariff of 3 billion USD on UK.
Assume that imports from one country to another equals the exports from the latter to the former.
The trade surplus of Country X with Country Y is defined as follows. Trade surplus = Exports from Country X to Country Y – Imports to Country X from Country Y.
A negative trade surplus is called trade deficit. [Note: Radar chart and Bar chart visuals omitted from text]
Q15.How much is Japan's export to India worth?
The bar chart depicts the import tariffs levied by each county on other countries.
Now let's look at the tariff percentages US charges.
Japan's export to India equals India's import from Japan. Watch the charts below update to show India's tariff data instead of the US data.
From India's charts, the Import Tariff collected from Japan is 1.7 Billion USD, and the Tariff Percentage levied is 20%.
Using the caselet formula: Imports = Tariff / Percentage. 1.7 divided by 20% (0.2) equals 8.5 Billion USD.