Table 2.10 gives hypothetical export price indexes and import price indexes (2000 = 100) for Japan, Canada,

Question:

Table 2.10 gives hypothetical export price indexes and import price indexes (2000 = 100) for Japan, Canada, and Ireland. Compute the commodity terms of trade for each country for the period 2000-2016. Which country's terms of trade improved, worsened, or showed no change?

Table 2.10 Export Price and Import Price Indexes EXPORT PRICE INDEX 2000 2016 100 150 100 100 Country Japan