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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Business Economics: Assume 1990 to be the base year if by the end of 2004 a
Reference No:- TGS0996995

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