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Calculate the net barter term of trade

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Using the table below, Calculate the Net Barter term of trade for each year using 2010 as the base year. 

YEAR 

PRICE OF EXPORTS 

PRICE OF IMPORTS 

QUANTITY EXPORTED 

2010 

100 

100 

100 

2011 

95 

120 

110 

2012 

80 

110 

120 
  1. Using the information provided above calculate the Income Term of trade. What can be observed between the Net Barter Term of trade and Income term of trade calculated. 
  2. d. Explain the differences between the Ohlin and Leontif theory on factor abundance.

Reference no: EM133133578

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