terms of trade Flashcards
1
Q
what is Americas terms of trade
A
108.76 in q4 of 2023 and detoriation as q3 was around 110
2
Q
what is the UKs terms of trade
A
101.80 in 2018, difficult to find data for the recent years so tells you that this indicator isnt that relevant
3
Q
what is the terms of trade
A
it is the index of a countries export prices over its index of import prices, if the value increases it means that it improves and living standards increase as the import prices decreases however our exports become less competitive
