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