The net terms of trade refers to

Question

Quizplus · Accepted Answer

The net terms of trade is calculated as the ratio of the unit value index of exports to the unit value index of imports, reflecting the relative prices of a country's exports compared to its imports. However, the correct definition was intended to be "The ratio of unit value index of exports to unit value index of imports," but due to a typographical error, both exports and imports are mentioned as imports in option A. This seems to be a mistake in the question formulation.

The Net Terms of Trade Refers to