According to ML Jhingan International Economics "What is the formula for Gross Barter Terms of Trade?" please do...

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Question

According to ML Jhingan International Economics "What is the formula for Gross Barter Terms of Trade?"
please don't use any other source

Answer 1

Answer #1

Answer:

the formula for Gross Barter Terms of Trade is :

Gross barter terms of trade (T_G) = quantity of imports (Q_m)/ quantity of exports (Q_x)

T_{G =} Q_m / Q_x

to calculate the changes in gross barter terms of trade the formula is:

T_{G =} (Q_m1/Q_m0) / (Q_x1/Q_x0)

0- base year

1- current year (calculating year )

Answer 2

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