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EDEXCEL THEME 4 ECONOMICS > CHAPTER 63 TERMS OF TRADE > Flashcards

CHAPTER 63 TERMS OF TRADE Flashcards

1
Q

Index of terms of trade

A

Equal to: Index of export prices divided by index of import prices multiplied by 100

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2
Q

Terms of trade

A

The ratio of export prices to import prices.

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EDEXCEL THEME 4 ECONOMICS (20 decks)

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