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Question
The figures present annual growth rate, expressed as the percentage change relative to the previous year in four sectors of the economy of the Republic of Reposia during the 9-year period from 1990 to 1998. Assume that the index of production for each of the four sectors is set at 100 in 1989. Further, the four sectors manufacturing, mining and quarrying, electricity and chemicals, respectively, constituted 20%,15%,10% and 15% of total industrial production in 1989.
Which is the sector with the highest growth during the period 1989 to 1998?
The figures present annual growth rate, expressed as the percentage change relative to the previous year in four sectors of the economy of the Republic of Reposia during the 9-year period from 1990 to 1998. Assume that the index of production for each of the four sectors is set at 100 in 1989. Further, the four sectors manufacturing, mining and quarrying, electricity and chemicals, respectively, constituted 20%,15%,10% and 15% of total industrial production in 1989.
Which is the sector with the highest growth during the period 1989 to 1998?
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Solution
The correct option is C Electricity
Option (C) is the correct answer. Check the video for the approach.
Option (C) is the correct answer. Check the video for the approach.
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