A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2016 · Q251 Mark

A country's terms of trade increased from a base year value of 100 to 120 in the following year. If export prices had increased by 50%, what was the change in the price of the country's imports?

A-30%

B-25%

C+25%

D+30%

✓ Correct answer

C: +25%

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2016 Paper 1 Variant 2, question 25.

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