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The global context

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Question 10

Using Table 1, calculate the change in Indonesia's terms of trade between 2017 and 2018.

Table 1 – Indonesia's export prices, import prices, export volumes, import volumes and current account position, 2016–20

YearIndex of export pricesIndex of import pricesIndex of export volumesIndex of import volumesBalance on the current account of the balance of payments as % of GDP
20169899104102–1.8
2017104101112108–2.1
2018110105115112–3.0
2019108109118114–2.7
2020105112110107–1.5
[2]

The global context Questions

  1. A Level
  2. /Economics
  3. /The global context