A-LevelEconomicsInternational economic issues9708/12 · May/June 2011 · Q201 Mark

A country's terms of trade currently stands at 150 (base year 2000 = 100). Since 2000 the average price the country has received for its exports has increased by 20%. What has been the change in the average price it has paid for its imports?

A-25%

B-20%

C+20%

D+25%

✓ Correct answer

B: -20%

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2011 Paper 1 Variant 2, question 20.

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