Table 2.10 gives hypothetical export price indexes and import price indexes (2000 = 100) for Japan, Canada,
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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?
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Table 2.10 Export Price and Import Price Indexes EXPORT PRICE INDEX 2000 2016 100 150 100 100 Country Japan Canada Ireland 175 167 IMPORT PRICE INDEX 2016 140 175 190 2000 100 100 100
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