A country, Azania, has been experiencing instability in export and import flows and has its domestic budget tied to its export earnings. The following table reflects this export-import flows. To obtain full credit, you must show all steps. Px Pm Qx 96 94 92 95 a) Calculate Azania's net barter and income terms of trade for years 2012 and 2013. Year 2012 2013 100 196 b) Calculate the changes in net barter and incomes terms of trade for the years 2012 and 2013.

A country, Azania, has been experiencing instability in export and import flows and has its domestic budget tied to its export earnings. The following table reflects this export-import flows. To obtain full credit, you must show all steps. Px Pm Qx 96 94 92 95 a) Calculate Azania's net barter and income terms of trade for years 2012 and 2013. Year 2012 2013 100 196 b) Calculate the changes in net barter and incomes terms of trade for the years 2012 and 2013.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...

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