The table presents figures for two years: exchange rate index at 100 in each year, exports volume index 100 and then 90, imports volume index 100 in both years, and balance of trade zero followed by +500m. Which statement fits the information?
- AThere has been a fall in the price of exports.
- BThere has been an improvement in the terms of trade.
- CThere has been an increase in the level of real income per head.
- DThere has been an increase in the price of imports.