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Economics A Level (DONEEEEEEE)
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Pregunta:
What does a Nation's Term of Trade mean?
Autor: eric_galvaoRespuesta:
-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
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eric_galvao