Assess whether a rise or a fall in the terms of trade will benefit the macroeconomic performance of an open economy that is heavily dependent on international trade.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_w23_qp_22 Year：2023 Question No：4(b)

Answer:

4.3.2 components of AD and their meanings: AD = C + I + G + (X – M)

6.1.3.1 measurement of the terms of trade

6.1.3.2 causes of changes in the terms of trade

6.1.3.3 impact of changes in the terms of trade

Download APP for more features

1. Tons of answers.

2. Smarter Al tools enhance your learning journey.

IOS
Download

Android
Download

Google Play
Download