From 2005 to 2010, a country’s import prices increased by 25%, and its terms of trade increased to 120 (2005 = 100). What change occurred in the country’s export prices?
- A–5 %
- B12.5 %
- C45 %
- D50 %
Economics 9708 · AS & A Level · 6.3
From 2005 to 2010, a country’s import prices increased by 25%, and its terms of trade increased to 120 (2005 = 100). What change occurred in the country’s export prices?