Question on: SS3 Economics - Measurement of Terms of Trade
How is the terms of the trade index calculated?
View related lesson
A
Index of export prices divided by index of import prices, then multiplied by 100
B
Index of import prices divided by index of export prices, then multiplied by 100
C
Index of export prices multiplied by index of import prices, then divided by 100
D
Index of import prices multiplied by index of export prices, then divided by 100
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses