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Economics (AS & A Level) · Oct / Nov 2025 · Paper 11 · Question 27

9708The reasons for international trade

The terms of trade of a developing country fell from 90 in 2010 to 80 in 2015. Assuming the index of its import prices remained constant at 110 between these two years, what happened to its index of export prices?

  1. Afell by 10
  2. Bfell by 11
  3. Cincreased by 10
  4. Dincreased by 30

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Correct answer: B. fell by 11

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