Waec Model Questions Vol1 2021 Economics Question 26
Practice objective / multiple choice question 26 from the 2021 Waec Model Questions Vol1 Economics examination.
In 2020 the export price index of a country was 120 and the import price index was 150. In 2021 the export price index rose to 135 while the import price index rose to 165. Calculate the percentage change in the terms of trade from 2020 to 2021. Express your answer to two decimal places and indicate the sign (+ or -).
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 26. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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