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Terms of trade = Price of Exports / Price of Imports

The prices of exports and imports are usually calculated with respect to a specified base year. From that it is possible to calculate changes in the mix and the value of the trade flows to arrive at prices for the period in question.

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Q: What is the mathematical formula for calculating terms of trade?
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What has the author Geoffrey Renshaw written?

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What does TOFT mean with escorts?

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What has the author Ajit Kumar Ghose written?

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What is the Difference between balance of trade and terms of trade?

terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports