Data Interpretation - Bar Charts - Discussion

Study the following bar charts and answer the questions.

Foreign Trade (Imports and Exports) by countries for the year (1993 - 1994)

3. 

The total trade deficit/surplus for all the countries put together was ?

[A]. 11286 surplus
[B]. 11286 deficit
[C]. 10286 deficit
[D]. None of these

Answer: Option B

Explanation:

Sum of exports - Sum of imports = deficit(11286).

Divya said: (Jan 27, 2014)  
Please explain in detail how to calculate deficit and surplus? I can't understand this whole bar chart. Please help me out in all 5 pbms.

Piyush said: (Aug 12, 2014)  
For each company say "A". Since export is more than import in this case, therefore it is surplus for the company i.e = 92-87 = 5.

So, if export > import, it is surplus else it is deficit. :).

Abc said: (Aug 13, 2014)  
Please explain the concept of surplus and deficit. Also the scale for both the graphs is different.

Amandeep said: (Aug 2, 2015)  
How can I simply this question? Adding so many values can waste a lot of time.

Spatel said: (Aug 21, 2015)  
Surplus = I<E.

Deficit = I>E.

Deficit means less than enough and surplus means more than necessary so we can say surplus only happen when I<E and vise versa.

Shraddha said: (Jun 23, 2017)  
If total import > total export then deficit.

Total export > total import then surplus.

Neelam Singh said: (Jun 5, 2018)  
How to calculate net trade deficit or surplus in quick time? please help me.

Ashwini said: (Aug 7, 2018)  
When comparing both the graph if import > export then its deficit.

Deficit= sum of export - sum of import.
=25625-36911 = 11286 deficit.
Hence answer is B.

Meenu said: (Dec 20, 2019)  
Is there any short trick?

Deepu said: (Mar 15, 2020)  
There is no short trick.

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