Double factors terms of trade, International Economics

Assignment Help:
Calculate the doublefactoral terms of trade (TD), formulated by Jacob Viner based on
following information:
Suppose in the base year of 2015, Px= 100, Pm= 100, Zx= 100, Zm= 100and the TD = 100
If in the current year of 2020, Px= 170, Pm= 160, Zx= 176, Zm= 136 find the improvement or
deterioration in the terms of trade.

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