Question 22
Increase of a number from 150 to 162 is equal to increase of ___ per cent.
Initial number = 150 Final number = 162 Increased number = 162 -150 = 12 Per cent of increased number =12150×100=12015=8%
Question 77
In 1975, the consumption of water for human use was about 3850 cu km/yr. It increased to about 6000 cu km/yr in the year 2000. Find the per cent increase in the consumption of water from 1975 to 2000. Also, find the annual per cent increase in consumption (assuming water consumption increases uniformly).
In the above question, calculate the effect on output of a 10 per cent increase in transfers, and a 10 per cent increase in lump-sum taxes. Compare the effects of the two.