JNU 2006-2002 Doubts

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Bin
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Re: JNU 2006-2002 Doubts

Bin
Tsuki,

For question 13,the prices have fallen for agriculture which means TOT have moved in favour of industry. So it's b (not d) or c, isn't it?
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Re: JNU 2006-2002 Doubts

Homer Simpson
13 would be (b) - i checked again. we need to multiply with 100 because these are indexes.
“Operator! Give me the number for 911!”
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Re: JNU 2006-2002 Doubts

The Villain
Tsuki..shouldnt it be unchanged..
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Re: JNU 2006-2002 Doubts

Homer Simpson
i rechecked and am sure we're supposed to multiply the ratio of price indices with 100 for the terms of trade. that changes it from 133.33 to 130 - meaning (b)
“Operator! Give me the number for 911!”
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