Economics 9708 · AS & A Level · 6.3

6.3 — practice question

What formula is used to work out a country’s terms of trade?

  • Aindex of export prices − index of import prices
  • Bindex of import prices – index of export prices
  • Cindex of export prices / index of import prices
  • Dindex of import prices / index of export prices × 100

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