Economics (AS & A Level) · May / June 2026 · Paper 13 · Question 28

How is the terms of trade index calculated?

1. A\frac{\text{export price index}}{\text{import price index}} \times 100
2. B\frac{\text{export price index}}{\text{quantity of exports traded}} \times 100
3. C\frac{\text{import price index}}{\text{export price index}} \times 100
4. D\frac{\text{quantity of imports traded}}{\text{quantity of exports traded}} \times 100

As printed in the paper