Economics · Economics
What is the formula for Terms of Trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total value of Exports / Total value of Imports✓
- 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
Total value of Exports / Total value of Imports
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