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1. The table below shows indexes for the prices of imports and exports over several years for a hypothetical country Year 2010 2011 2012 2013
1. The table below shows indexes for the prices of imports and exports over several years for a hypothetical country Year 2010 2011 2012 2013 2014 2015 2016 (a) (b) (c) (d) Import prices 90 95 98 100 102 100 103 Export Prices 110 87 83 100 105 112 118 Compute the terms of trade in each year for this country and fill in the table In which years do the terms of trade improve? In which years do the terms of trade deteriorate? Explain why terms of trade \"improvement\" is good for the country. 1 Terms of Trade
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