Assume in Base Year 1990,the Index for the Volume of Exports

question 6

Multiple Choice

Assume in base year 1990,the index for the volume of exports is equal to 100,and we find that,for the 2004 fiscal year,the US price index for exports has fallen 6 percent,the price index for imports has risen by 9 percent,and the index for the volume of exports is 108 for 2004.What is the value of the U.S.income terms of trade?

• A)93.1
• B)89.7
• C)88.6
• D)63.4

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