A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2018 · Q251 Mark
The table shows the terms of trade for Saudi Arabia. date terms of trade 2000 100 2010 105 2015 137 What can be concluded from the table for Saudi Arabia?
AExport prices rose relative to import prices.
BThe balance of trade surplus increased.
CThe volume of exports exceeded the volume of imports.
DThe volume of exports rose faster than the volume of imports.
✓ Correct answer
A: Export prices rose relative to import prices.
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