Given that a country’s index of export price is 180 and that of import is 200; the terms of trade is?

By: |Published on: Jan 2|Categories: Economics WAEC| 0 comments

A. 0.09
B. 2.00
C. 90.00
D. 380.00

Correct Answer:

Option C – 90.00

Explanation

Terms of trade = Index of export/ Index of import x 100

= 180/200 x 100

= 90

Users Also Read These:

SEE ALSO  Unemployment can be reduced by?

Copyright warnings! Do not copy.