For trade between countries of Brazil, Argentina, Ecuador, and Venezuela, the difference of the highest and lowest balance of trade is $500,300,000.
Table is a way to represent the data of the two or more variable. To read the data from the table look for the value of one variable, and get the resultant value of other variable from the corresponding block.
Suppose that the countries of Brazil, Argentina, Ecuador, and Venezuela have interdependent economies.
The following table shows the imports and exports between each of these countries.
All prices given in millions of equivalent US dollars.
The trade of all the countries can be calculated as,
Brazil Argentina 4,691, Brazil Ecuador 4,791, Brazil Venezuela 1,526
[tex]B=4,691 +4,791 +1,526 =11008\rm millon[/tex]
Argentina Brazil 1,881, Argentina Ecuador 1,971, Argentina Venezuela 2,153
[tex]A=1,881+1,971+2,153 \\A=6005\rm millon[/tex]
Ecuador Brazil 3,106 Ecuador Argentina 3,672 Ecuador Venezuela 2,018
[tex]E=3,106 +3,672 +2,018\\E=8796\rm million[/tex]
Venezuela Brazil 4,535 Venezuela Argentina 1,577 Venezuela Ecuador 1,871
[tex]V=4,535 +1,577 +1,871=7983\rm million[/tex]
The highest trade is for Brazil and lowest is for Argentina. The difference between two is,
[tex]d=11008-6005\\d=5003\rm million[/tex]
The difference between the highest balance of trade and the lowest balance of trade is $500,300,000.
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