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

  • A 0.09
  • B 2.00
  • C 90.00
  • D 380.00
waec 2022economics

The correct answer is C. 90.00

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

= 180/200 x 100

= 90

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