Economics 9708 · AS & A Level · 6.3

6.3 — practice question

At present, a country’s terms of trade is 150 (base year 2000 = 100). Since 2000, the average price that the country has obtained for its exports has risen by 20%. What change has occurred in the average price it has paid for its imports?

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

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