Question

what is income barter terms of trade
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Answer 1

The income terms of trade are determined by the product of net barter terms of trade and the quantity index of exports. ... A rise in the income terms of trade implies that a country can import more goods in exchange of its exports and vice-versa.

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Answer 2

The income terms of trade are determined by the product of net barter terms of trade and the quantity index of exports. ... A rise in the income terms of trade implies that a country can import more goods in exchange of its exports and vice-versa.