Waec Model Questions Vol1 2025 Economics Question 31
Practice objective / multiple choice question 31 from the 2025 Waec Model Questions Vol1 Economics examination.
In year 1, Country X exported 500 million units of commodity A at an average price of $4 per unit and imported 400 million units of commodity B at $5 per unit. In year 2, exports rose to 600 million units but the average export price fell to $3.5 per unit, while imports increased to 450 million units at an average price of $4.8 per unit. Calculate the percentage change in the terms of trade (export‑price index divided by import‑price index) from year 1 to year 2. Give your answer to two decimal places.
Answer Options
About This Question
This is Waec Model Questions Vol1 2025 Economics Question 31. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.