Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The table presents the relative price of exports in relation to imports, shown as an index number for an economy (2013 = 100). Which statement about the period 2013–2015 is correct?

  • AExport prices have increased each year.
  • BThe general level of prices has fallen.
  • CThe terms of trade have deteriorated.
  • DThe volume of imports increasingly exceeds the volume of exports.

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