Waec Model Questions Vol1 2018 Commerce Question 2
Practice essay / theory question 2 from the 2018 Waec Model Questions Vol1 Commerce examination. This question covers Trade Data Analysis, Percentage Growth, Terms of Trade, Tariff Impact .
The table below shows Nigeria's export and import values (in million Naira) and the corresponding export and import price indices for the years 2018‑2020. | Year | Export Value (₦ million) | Import Value (₦ million) | Export Price Index (base 2018 = 100) | Import Price Index (base 2018 = 100) | |------|--------------------------|--------------------------|--------------------------------------|--------------------------------------| | 2018 | 1,500 | 2,000 | 100 | 100 | | 2019 | 1,650 | 2,100 | 105 | 108 | | 2020 | 1,800 | 2,250 | 110 | 115 | Answer the following questions based on the data above.
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This is Waec Model Questions Vol1 2018 Commerce Question 2. It is one of the essay questions from the 2018 Waec Model Questions Vol1 Commerce examination.
The question covers Trade Data Analysis, Percentage Growth, Terms of Trade, Tariff Impact .
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