A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2019 · Q261 Mark
The tables show changes over a period in the average prices of a country’s exports and imports. They are expressed as index numbers, with year 0 as 100. What is the change in the country’s terms of trade index between years 1 and 2?
AIt improves by about 10%.
BIt improves between 4% and 5%.
CIt stays the same.
DIt worsens between 4% and 5%.
✓ Correct answer
B: It improves between 4% and 5%.
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