Economics Multiple Choice Question – 7 August 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics

The table below shows the price indices for a country’s exports and imports in 2015 and 2016.

Table 66
What was the country’s terms of trade in 2016?

Select ONE answer:

  1. 0.875
  2. 1.143
  3. 87.5
  4. 114.3

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 3

  1. Incorrect calculation: 105/120
  2. Incorrect calculation: 120/105
  3. Correct: Index of export prices/index of import prices x 100 = 105/120 x 100.
  4. Incorrect calculation: 120/105 x 100.

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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