DP Economics Questionbank
The meaning of the terms of trade
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Description
[N/A]Directly related questions
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17M.2.HL.TZ0.02c:
Using a definition of the terms of trade, explain the terms of trade change in Australia from 2011 to 2015 (Figure 1).
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17M.2.HL.TZ0.02d:
Using information from the text/data and your knowledge of economics, discuss the possible effects of the fall in Australia’s terms of trade on the Australian economy.
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21M.3.HL.TZ0.2g.ii:
Using your answers to part (g)(i), explain how the change in Buranda’s terms of trade may act as a barrier to economic development.
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21M.3.HL.TZ0.2g.i:
Calculate Buranda’s terms of trade index for 2008 and 2018.
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18N.2.HL.TZ0.1b:
Explain why “deteriorating terms of trade have resulted in a worsening of the current account” in South Sudan (paragraph [4]).
Sub sections and their related questions
Measurement
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17M.2.HL.TZ0.02c:
Using a definition of the terms of trade, explain the terms of trade change in Australia from 2011 to 2015 (Figure 1).
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21M.3.HL.TZ0.2g.i:
Calculate Buranda’s terms of trade index for 2008 and 2018.
Causes of changes in the terms of trade
NoneConsequences of changes in the terms of trade
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17M.2.HL.TZ0.02d:
Using information from the text/data and your knowledge of economics, discuss the possible effects of the fall in Australia’s terms of trade on the Australian economy.
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18N.2.HL.TZ0.1b:
Explain why “deteriorating terms of trade have resulted in a worsening of the current account” in South Sudan (paragraph [4]).
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21M.3.HL.TZ0.2g.ii:
Using your answers to part (g)(i), explain how the change in Buranda’s terms of trade may act as a barrier to economic development.
