From 2000 onwards, a country’s export prices have risen by an average of 50%, while its import prices have risen by 25%. What is the country’s current terms of trade figure (2000 = 100)?
- A75
- B83
- C120
- D125
Economics 9708 · AS & A Level · 6.3
From 2000 onwards, a country’s export prices have risen by an average of 50%, while its import prices have risen by 25%. What is the country’s current terms of trade figure (2000 = 100)?