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3.5 Terms of Trade (Deterioration (:arrow_down: imports per unit export, …
3.5 Terms of Trade (Deterioration, Improvement, Changes in ToT, Price of imports and exports, measured by a weighted price index, (P.ave index, Exports)
------------------------------x100=ToT
(P.ave index, Imports) , Both imports and exports; measured in SAME currency, Measures the possible amount of imports bought per unit output)