Assume 1990 to be the base year if by the end of 2004 a
Assume 1990 to be the base year. If by the end of 2004 a country's export price index rose from 100 to 130 while its import price index rose from 100 to 115, its terms of trade would equal 113. Why?
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assume 1990 to be the base year if by the end of 2004 a countrys export price index rose from 100 to 130 while its
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