Waec Model Questions Vol1 2023 Economics Question 6
Practice objective / multiple choice question 6 from the 2023 Waec Model Questions Vol1 Economics examination.
Over a year, a country's export price index rose from 120 to 150, while its import price index increased from 100 to 130. Calculate the percentage change in the terms of trade (export price index divided by import price index) for the period and state whether the terms of trade improved or deteriorated.
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 6. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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