Gce Model Questions Vol1 2021 Economics Question 31
Practice objective / multiple choice question 31 from the 2021 Gce Model Questions Vol1 Economics examination.
In year 0 the export price index and import price index are both 100. By the end of the next year the export price index has risen by 12% and the import price index by 8%. What is the percentage change in the terms of trade (export price index divided by import price index) over the year? Give your answer to one decimal place.
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 31. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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