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The "Income Terms of Trade" Index Would Be Calculated by Which

Question 11

Multiple Choice

The "income terms of trade" index would be calculated by which one of the following formulas (where PX = price index of exports, PM = price index of imports, QX = quantity index of exports, and QM = quantity index of imports) ?


A) (PX/PM) .100
B) (QM/QX) .100
C) (PX.QX) /PM
D) (PX.QX) /(PM.QM ) .100

Correct Answer:

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