A-LevelEconomicsInternational economic issues9708/12 · May/June 2025 · Q281 Mark

Which formula is used to calculate the terms of trade?

Athe average price of exports divided by the average price of imports

Bthe average price of imports divided by the average price of exports

Cthe value of exports divided by the value of imports

Dthe value of imports divided by the value of exports

✓ Correct answer

A: the average price of exports divided by the average price of imports

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2025 Paper 1 Variant 2, question 28.

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