Question

During the given period, when was the minimum production level in the manufacturing sector achieved?

• A. 1989
• B. 1990
• C. 1993
• D. 1998

Answer 1

The correct option is A 1989

The production for manufacturing can be minimum either in 1989 or in 1992 (when the growth rate is negative.)
If manufacturing started with a production of 100 in 1989, then production in 1992 will be 100 $\times$ 1.04 $\times$ 1.01 $\times$ 0.98 > 100
So, the production in 1989 was the least.