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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'.

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