4 Views

Question : Directions: Study the following bar graph and answer the question. The bar graph gives the annual rates of inflation in percentage for 1975 and 1987.

Comparing the figures for the USA vis-à-vis the developed nations, it can be concluded that:

Option 1: USA had better control of inflation

Option 2: Developed nations had better control of inflation

Option 3: The inflation rate continues to be the same for the USA and developed nations

Option 4: No conclusions can be drawn


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: Developed nations had better control of inflation


Solution : For the Developed nations,
The change in the rate of inflation in the developed nations = $\frac{14.2-11.8}{11.8}×100$
The change in the rate of inflation in the developed nations = 20.34%
For the USA,
The change in the rate of inflation in the USA = $\frac{12.7-10.3}{10.3}×100$
The change in the rate of inflation in the USA = 23.3%
Hence, the correct answer is 'Developed nations had better control of inflation'.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books