A country's import price index by 1995 was 50 and her index of export price
ECONOMICS
JAMB 2000
A country's import price index by 1995 was 50 and her index of export price was 70. Calculate the terms of trade?
- A. 20%
- B. 71%
- C. 120%
- D. 140%
Correct Answer: D. 140%
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *