题目内容
The terms of trade reprsents the rate of exchange between a country's exports and imports.
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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 130 while its import price index rose from 100 to115, its terms of trade would equal 113.
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.
Assume 1990 to be the base year. If by the end of 2004 a country's export price index rose from 100 to 125 while its import price index rose from 100 to 125, its terms of trade would equal 100.
The commodity terms of trade are found by dividing a country's import price index by its export price index.
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