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International trade

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Question 6

The table below outlines how import and export prices in a country have changed over time.

YearPrice index of exportsPrice index of imports
2015104115
2023112118

How much has the country's terms of trade increased by between 2015 and 2023?

2.6%

4.5%

5.0%

7.7%

International trade Questions

  1. A Level
  2. /Economics
  3. /International trade