A developing country's terms of trade declined from 90 in 2010 to 80 in 2015. If its import price index stayed unchanged at 110 over these two years, what was the index of its export prices?
- Afell by 10
- Bfell by 11
- Cincreased by 10
- Dincreased by 30
Economics 9708 · AS & A Level · 6.3
A developing country's terms of trade declined from 90 in 2010 to 80 in 2015. If its import price index stayed unchanged at 110 over these two years, what was the index of its export prices?