Neco Model Questions Vol1 2020 Economics Question 8
Practice objective / multiple choice question 8 from the 2020 Neco Model Questions Vol1 Economics examination.
A country's export price index rises from 100 to 112 while its import price index rises from 100 to 108. Determine the percentage change in the terms of trade and indicate whether the terms of trade have improved or deteriorated.
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 8. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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