Country X trades with country Y. What are the terms of trade for country X?
- Aaverage price of country X’s exports divided by the average price of country Y’s exports
- Bthe ratio of an index of country X’s export prices to an index of its import prices
- Cvalue of country X’s exports divided by the value of country Y’s exports
- Dvalue of country X’s imports divided by the value of country Y’s imports