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.
The change in rate of inflation was least in which of the following?
Option 1: Developed nations
Option 2: United Kingdom
Option 3: World
Option 4: Third world
Correct Answer: United Kingdom
Solution :
As per the given graph:
For the World,
The change in the rate of inflation in the World = $\frac{16-14.6}{14.6}×100$
The change in the rate of inflation in the World = 9.58%
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 United Kingdom,
The change in the rate of inflation in the United Kingdom = $\frac{23.5-21.7}{21.7}×100$
The change in the rate of inflation in the United Kingdom = 8.29%
For the Third World,
The change in the rate of inflation in the Third World = $\frac{36.2-26.6}{26.6}×100$
The change in the rate of inflation in the Third World = 36.09%
The change in the rate of inflation was the least in the United Kingdom.
Hence, the correct answer is the United Kingdom.
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