Given that a country's index of export price is 180 and that of import is 200, the terms of trade is

Assessment: WAEC SSCE - Economics - 2022 (Objective) Subject: Economics

Question 1 Report

Given that a country's index of export price is 180 and that of import is 200, the terms of trade is
Answer Details
Terms of trade = Index of export/ Index of import x 100

= 180/200 x 100

= 90

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