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Question 15. Compute the terms of trade for the years. (5+5=10 points ) rerms of rodc = export price index/import price index (100) 2015:402/330(100)=121.212016:+35/322(100)=135.09 Question

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Question 15. Compute the terms of trade for the years. (5+5=10 points ) rerms of rodc = export price index/import price index (100) 2015:402/330(100)=121.212016:+35/322(100)=135.09 Question 16. How would you interpret the terms of trade increase? Explain. ( 5 points)

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