Economics · International Economics
What is the formula for the commodity terms of trade (TC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1TC = 100 / (Px * Pm)
- 2TC = (Px * Pm) / 100
- 3TC = (Pm / Px) * 100
- 4TC = (Px / Pm) * 100✓
Correct answer
TC = (Px / Pm) * 100
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