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Assume 1990 to Be the Base Year

question 200

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Assume 1990 to be the base year.If by the end of 2004 a country's export price index rose from 100 to 140 while its import price index rose from 100 to 160, its terms of trade would equal 120.


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Constitutional Powers

The authorities granted to the government branches or officials by a constitution, delineating the scope and limitations of their roles.

Executive Power

The authority to execute and enforce laws, typically vested in the president or prime minister in a governmental system.

Federal Budget

The government's estimate of revenue and spending for a fiscal year, reflecting the nation's priorities and financial plans at the federal level.

Proposed Legislation

This term refers to laws suggested by legislators or policymakers that are under consideration but not yet enacted.

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