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The formula index of export prices/index of import prices * 100 is used to measure...

Economics
WAEC 2006
The formula index of export prices/index of import prices * 100
is used to measure the
  • A. volume of trade between countries
  • B. direction of internatrional trade
  • C. commodity terms of trade
  • D. volume of imports
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Correct Answer: Option C
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