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.
From 1975 to 1987, the inflation rate increased in Third World countries approximately by:
Option 1: 10%
Option 2: 20%
Option 3: 30%
Option 4: 36%
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Correct Answer: 36%
Solution :
As per the given graph:
The inflation rate in the Third World in the year 1975 = 26.6
The inflation rate in the Third World in the year 1987 = 36.2
Increase in the inflation rate from 1975 to 1987 = 36.2 – 26.6 = 9.6
The required inflation percentage rate = $\frac{\text{Increase in the inflation rate from 1987 to 1975}}{{\text{The inflation rate in the Third World in the year 1975}}}×100$
The required inflation percentage rate = $\frac{9.6}{26.6}×100$ = 36.09%
The required inflation percentage rate $\approx$ 36%
Hence, the correct answer is 36%.
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