Using 1995 as the base year to calculate Pago-Pago's terms of trade, its terms of trade in 2001 was 95 . We know then that its terms of trade in 1995 was

a. 0
b. 95
c. 100
d. 5
e. 195

C

Economics

You might also like to view...

A shortage will exert pressures for the price to decrease

a. true b. false

Economics

If, between 2006 and 2016, the economy's real GDP grew from $20 billion to $40 billion, what was the average annual growth rate in the economy?

A) 3% B) 7% C) 20% D) 100%

Economics