Economics · International Economics
What is the correct formula for calculating the net barter terms of trade?
- 1Index of Export Prices / Index of Import Prices✓
- 2Total Value of Imports / Total Value of Exports
- 3Total Value of Exports + Total Value of Imports
- 4Total Value of Exports - Total Value of Imports
Correct answer
Index of Export Prices / Index of Import Prices
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