Economics · Terms of Trade
The Commodity or Net Barter Terms of Trade are represented by which of the following formulas?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Price index of exportsPrice index of imports × 100✓
- 2Volume of exportsVolume of imports × 100
- 3Price × Quantity of exportsPrice × Quantity of imports × 100
- 4Quantity of exportsQuantity of imports × 100
Correct answer
Price index of exportsPrice index of imports × 100
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