Economics 9708 · AS & A Level · 6.3

6.3 — practice question

An economy’s terms of trade increased from the base-year value of 100 to 110. Which shifts in the export price index and the import price index could have led to this?

  • Aexport price index change 0 / import price index change –10
  • Bexport price index change 0 / import price index change +10
  • Cexport price index change +10 / import price index change 0
  • Dexport price index change +20 / import price index change +10

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