Economics (AS & A Level) · Oct / Nov 2025 · Paper 14 · Question 27

The table shows the terms of trade for an economy expressed as an index number for the period 2019 to 2021. | year | terms of trade index (2018 = 100) | |---|---| | 2019 | 101 | | 2020 | 104 | | 2021 | 109 | What can be concluded from the table?

1. AThe quantity of imports rose relative to the quantity of exports.
2. BThe price of exports rose relative to the price of imports.
3. CThe price of imports rose relative to the price of exports.
4. DThe value of exports rose relative to the value of imports.

As printed in the paper