Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Which of the following, correctly depicts the intra industry trade index (T)?  

1
\( T=1-\frac{X-M}{|X+M|} \\\)
2
\( T=1-\frac{|X-M|}{X+M} \\\)
3
\( T=1-\frac{|X+M|}{X-M} \)
4
\( T=1-\frac{X+M}{|X-M|} \)
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