Economics 9708 · AS & A Level · 6.3

6.3 — practice question

Which formula is used to determine the terms of trade?

  • Athe average price of exports divided by the average price of imports
  • Bthe average price of imports divided by the average price of exports
  • Cthe value of exports divided by the value of imports
  • Dthe value of imports divided by the value of exports

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