Examlex

Solved

Which of the Following Terms-Of-Trade Concepts Is Calculated by Dividing

question 83

Multiple Choice

Which of the following terms-of-trade concepts is calculated by dividing the change in a country's export price index by the change in its import price index between two points in time,multiplied by 100 to express the terms of trade in percentages?


Definitions:

Consumption Bundles

A combination of goods and services that an individual or household consumes over a given period.

Consumer

An individual or group who purchases goods and services for personal use.

Budget

A financial plan for a defined period, often one year, that allocates future personal income towards expenses, savings, and debt repayment.

Paperback Novels

Books printed on lower quality paper, bound in a soft cover, and typically less expensive than hardcover editions.

Related Questions