A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2019 · Q251 Mark

The terms of trade of a developing country fell from 90 in 2010 to 80 in 2015. Assuming the index of its import prices remained constant at 110 between these two years, what happened to its index of export prices?

Afell by 10

Bfell by 11

Cincreased by 10

Dincreased by 30

✓ Correct answer

B: fell by 11

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2019 Paper 1 Variant 2, question 25.

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