The table below shows indexes for the prices of imports and exports over several years for a hypothetical country.

a. Compute the terms of trade in each year for this country and fill in the table.
b. In which years do the terms of trade improve?
c. In which years do the terms of trade deteriorate?
d. Explain why a terms of trade "improvement" is good for the country.

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Year Import Prices 2008 2009 2010 2011 2012 2013 2014 Export Prices Terms of Trade 90 95 98 100 102 100 103 110 87 83 100 105 112 118