Question

who gave the concept of income term of trade?​

Answer 1

Answer:

The concept of trade was developed by G. S.

Dorrance and it staehle . This concept is an

improvement upon the net barter terms of trade.

The income terms of trade are determined by the product of net barter terms of trade and the

quantity index of exports

Answer 2

Answer:

The concept of income terms of trade was developed by G.S. Dorrance and H. Staehle. This concept is an improvement upon the net barter terms of trade. It takes into account the indices of export and import prices and quantity index of exports. The income terms of trade are determined by the product of net barter terms of trade and the quantity index of exports.

Explanation:

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