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Meaning and formula

Meaning and formula

The terms of trade measure the ratio of a country's average export prices to its average import prices. The result is expressed as an index.

4.1.4 Terms of trade Lesson

  1. A Level
  2. /Economics
  3. /4.1.4 Terms of trade

Step-by-step lessons on Edexcel A A Level Economics 4.1.4 Terms of trade. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons