How is the terms of the trade index calculated - SS3 Economics Measurement of Terms of Trade Question
How is the terms of the trade index calculated?
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
correct option: a
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