Income terms of trade= 88, Price Index of exports= 120 and Price Index of imports= 150. The quantity…
The quantity index is 110. Income terms of trade equal the export quantity index multiplied by the ratio of export prices to import prices, so \(Q=88\times150/120=110\).
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Income terms of trade= 88, Price Index of exports= 120 and Price Index of imports= 150. The quantity index is:
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Correct answer C
The quantity index is 110. Income terms of trade equal the export quantity index multiplied by the ratio of export prices to import prices, so .
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Telangana SET (TG SET)