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      Question

      What is the terms of trade formula?

      A (Price of exports / Price of imports) *100 Correct Answer Incorrect Answer
      B (Price of imports / Price of exports) *100 Correct Answer Incorrect Answer
      C (Price of exports / (Price of exports +Price of imports) Correct Answer Incorrect Answer
      D (Volume of exports / Volume of imports) *100 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Terms of trade is given by (Price of exports / Price of imports) *100

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