| Term | Trading gains and losses | | Definition | Trading gains and losses arise from changes in a country's terms of trade; for example, if the prices of a country's exports rise faster (or fall more slowly) than the prices of its imports (i.e. if its terms of trade improve) then an increased volume of imports of goods and services can be purchased by residents out of the receipts generated by a given level of exports. | | Paragraphs | 16.152. |
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