Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 22

The table shows the relative price of exports compared with imports expressed as an index number for an economy (2013 = 100). date | index 2013 | 100 2014 | 97 2015 | 95 Which statement about the period 2013–2015 is correct?

1. AExport prices have increased each year.
2. BThe general level of prices has fallen.
3. CThe terms of trade have deteriorated.
4. DThe volume of imports increasingly exceeds the volume of exports.

As printed in the paper