SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level (DONEEEEEEE)

» Start this Course
(Practice similar questions for free)
Question:

What does a Nation's Term of Trade mean?

Author: eric_galvao



Answer:

-This refers to the Relative Price of its Exports compared to its Imports -The Formula, in terms of Index Numbers are: Term of Trade Index = Index of Average Price of Exports / Index of Average Price of Imports x 100


0 / 5  (0 ratings)

1 answer(s) in total