Waec Model Questions Vol1 2021 Economics Question 8
Practice objective / multiple choice question 8 from the 2021 Waec Model Questions Vol1 Economics examination.
A country's export price index rose from 120 to 138 over a year, while its import price index rose from 110 to 121 in the same period. Calculate the percentage change in the terms of trade and state whether the terms of trade improved or deteriorated.
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 8. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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