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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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