What are the different between net barter terms of trade and gross barter terms of trade
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The gross barter term of trade is a ratio of total physical quantities of imports to the total physical quantities of exports of a given country. ADVERTISEMENTS: ... When there is a deficit or surplus in trade balance, the gross barter and net barter terms of trade will differ from each other (TC <> TG).
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The gross barter term of trade is a ratio of total physical quantities of imports to the total physical quantities of exports of a given country. When there is a deficit or surplus in trade balance, the gross barter and net barter terms of trade will differ from each other.
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