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Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 24

9708The reasons for international trade

What is a measure of a country's terms of trade index?

  1. A\frac{\text{price index of exports}}{\text{price index of imports}} \times 100
  2. B\frac{\text{price index of imports}}{\text{price index of exports}} \times 100
  3. C\frac{\text{total value of exports}}{\text{total value of imports}} \times 100
  4. Dtotal value of exports – total value of imports

As printed in the paper

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Correct answer: A. \frac{\text{price index of exports}}{\text{price index of imports}} \times 100

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