Waec Model Questions Vol1 2019 Economics Question 18
Practice objective / multiple choice question 18 from the 2019 Waec Model Questions Vol1 Economics examination.
A country's export price index was 110 and its import price index was 95 in 2018 (base year 2000 = 100). In 2019 the export price index rose to 121 and the import price index rose to 100. Compute the percentage change in the terms of trade from 2018 to 2019 and state whether the terms of trade improved or deteriorated. Give the percentage change to one decimal place.
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 18. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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