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  1. Jun 27, 2024 · Terms of trade (TOT) is a key economic metric of a country's health measured through what it imports and exports. TOT is expressed as a ratio that reflects...

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  3. Aug 21, 2024 · Terms of Trade (TOT) is defined as the ratio of a country's import and export prices. The concept of terms of trade is important in economics as it throws light on the extent to which a nation can fund its imports based on the returns of its exports.

  4. Terms of trade (TOT) is a measure of how much imports an economy can get for a unit of exported goods. For example, if an economy is only exporting apples and only importing oranges, then the terms of trade are simply the price of apples divided by the price of oranges — in other words, how many oranges can be obtained for a unit of apples.

  5. Mar 22, 2024 · Terms of Trade (ToT) refer to the ratio between the prices at which a country exports goods and services and the prices of imports. It is a measure that indicates the relative strength or weakness of a country’s international trading position.

  6. Feb 8, 2024 · Terms of Trade (TOT) is a concept used to measure the relative value or purchasing power of a countrys exports compared to its imports. It is calculated by dividing the price index of exports by the price index of imports and multiplying it by 100.

  7. Oct 26, 2023 · Terms of Trade (TOT) refers to the rate at which one countrys goods or services can be exchanged for the goods or services of another country. It represents the relative price of a country’s exports in terms of its imports and is calculated by dividing the price index of a country’s exports by the price index of its imports.

  8. Aug 25, 2023 · A country’s terms of trade is a useful metric that is easy to calculate. Here’s the equation: Terms of trade (TOT) = (Price index of total exports)/(Price index of total...

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