Economics 9708 · AS & A Level · 6.3

6.3 — practice question

A country’s terms of trade is currently 150 (base year 2000 = 100). Since 2000, the average price it has obtained for its exports has risen by 20 %. By how much has the average price it has paid for its imports changed?

  • A–25 %
  • B–20 %
  • C+20 %
  • D+25 %

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