Waec Model Questions Vol1 2025 Economics Question 27
Practice objective / multiple choice question 27 from the 2025 Waec Model Questions Vol1 Economics examination.
Country X exports 2 million tonnes of cocoa at $2,500 per tonne and imports 1.5 million tonnes of wheat at $300 per tonne. Calculate the initial terms of trade index (export price ÷ import price × 100). Then, if the world price of cocoa falls by 10 % and the world price of wheat rises by 5 %, what is the new terms of trade index (rounded to one decimal place)?
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This is Waec Model Questions Vol1 2025 Economics Question 27. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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