Question

The figure shows the net change, as a percentage, for U.S. imports and export prices from January to July 2014 as reported by the Bureau of Labor Statistics. For example, U.S. import prices declined $0.2$ percent in July while export prices remained unchanged for that month. Based on this information, which of the information, which of the following statements is true for the life time period shown in the figure?

• A. On average, export prices increased more than import prices
• B. Import prices showed an increase more often than export prices
• C. Import prices showed the greatest change between two consecutive months
• D. From January to July import prices showed a greater overall decrease than export prices.

Answer 1

The correct option is B Import prices showed an increase more often than export prices

Using the graph, first check your option first.
Here the question is about the time period.
So, the first option is not the correct answer, since it is about the average.
Secondly check the option B, the graph shows that

The $y$-axis already represents the change in prices, so you are simply counting the number of positive values for the imports (5) and for the exports (4). There are more for the imports, so (B) is correct and you don't need to check any of the other statements.

$p$ { margin-bottom: $0.25$cm; line-height: $120\%$; } The $y$-axis already represents the change in prices, so you are simply counting the number of positive values for the imports (5) and for the exports (4). There are more for the imports, so (B) is