Taking the index of export prices, import prices, volume of exports, and productivity in the export sector
Question:
(a) The commodity terms of trade of this nation if the index of its export prices rises by 10 percent but the index of its import prices rises by 20 percent?
(b) This nation’s income terms of trade if the index of export volume grows to 130 by 2010?
(c) This nation’s single factoral terms of trade if its productivity index in the export sector rises to 140 by 2010?
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