4.Developments in the World Economy 2.Trade&World Economy 3.Terms of Trade
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Created by Elena Kriki
over 6 years ago
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Close
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Created by Elena Kriki
over 6 years ago
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Terms of trade definition
Terms of trade measures:
What is captured in a country's terms of trade?
Formula for terms of trade
Example calculation with index price of x rising by 15% and index price of m rising by 20% +meaning of outcome of calculation:
What would an improvement in a country's TOT mean?
What does this suggest?
