Calculating income terms of trade
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International Monetary Fund data indicate that, with 2000 = 100.0, Japan's export price index in 2006 was 95.3, its import price index in 2006 was 127.2, its export quantity index in 2006 was 142.4, and its import quantity index in 2006 was 120.0. Given this information, a calculation of Japan's "income" terms of trade for 2006 would give a result of __________.
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Solution Summary
Solution describes the steps to calculate Japan's income terms of trade based upon given information.
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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