Economics 9708 · AS & A Level · 6.3

6.3 — practice question

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

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI