Query

[Ansh malhotra]

[Kajol]

Terms of trade(TOT)
= agricultural prices/industry prices

In 1990-91
TOT= 200/150=1.333

In 1991-92
TOT=215/165=1.303

Since the value has reduced, so the terms of trade have moved in favour of industry.

On Apr 29, 2016 8:18 PM, "Ansh malhotra [via Discussion forum]" <[hidden email]> wrote:

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[Kajol]

This question is from JNU 2013 paper right?
Are you able to solve Q36 and Q70 of this paper?

On Apr 29, 2016 8:39 PM, "kajol dawar" <[hidden email]> wrote:

Terms of trade(TOT)
= agricultural prices/industry prices

In 1990-91
TOT= 200/150=1.333

In 1991-92
TOT=215/165=1.303

Since the value has reduced, so the terms of trade have moved in favour of industry.

On Apr 29, 2016 8:18 PM, "Ansh malhotra [via Discussion forum]" <[hidden email]> wrote:

---

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NAML

[Akash]

Terms of trade of x wrt y is relative price of x wrt y. if the cost of agricultural goods in terms of industrial goods goes up, one might say the terms of trade have shifted in favor of agricultural products.

Here they have gone from 4/3 = 1.33 to 1.303
Thus, moved in favour of industry. Is this correct?

[Ansh malhotra]

 question 70 I still have to solve

[Kajol]

Yes, you are right Akash.

Terms of trade of x wrt y is relative price of x wrt y. if the cost of agricultural goods in terms of industrial goods goes up, one might say the terms of trade have shifted in favor of agricultural products.

Here they have gone from 4/3 = 1.33 to 1.303
Thus, moved in favour of industry. Is this correct?

---

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NAML