EDEXCEL IAL Topical Past Paper Unit 4

4.2.3 Terms of trade




section A

Section b

WEC14/01/Oct 2023

Between 2000 and 2020, Gibraltar’s terms of trade worsened by 44.6% and Greece’s terms of trade worsened by 14.3%.

Evaluate factors that might cause a country’s terms of trade to worsen. [20 marks]