Economics 9708 · AS & A Level · 6.3

6.3 — practice question

What does a country’s terms of trade index measure?

  • Aprice index of exports / price index of imports × 100
  • Bprice index of imports / price index of exports × 100
  • Ctotal value of exports / total value of imports × 100
  • Dtotal value of exports – total value of imports

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