Answer the questions based on the given figure below. From the numbers given…
2024
Answer the questions based on the given figure below.
From the numbers given in the figure below, what will be the average annual growth for the imports done from 2001 to 2005?
- A.
45.8
- B.
45.9
- C.
34.7
- D.
14.5
- E.
20
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Show answer & explanation
Correct answer: E
Step-by-Step Solution
To calculate the average annual growth for imports from 2001 to 2005, we need the total growth over this period and the number of intervals.
Extract Data for Imports (Red Bars):
Import in 2001: 100
Import in 2005: 180
Calculate Total Growth and Time Period:
Total Growth = Import in 2005 - Import in 2001
Total Growth = 180 - 100 = 80
Number of years (intervals) from 2001 to 2005: 2002, 2003, 2004, 2005 = 4 years.
Calculate Average Annual Growth:
Average Annual Growth = Total Growth / Number of years
Average Annual Growth = 80 / 4 = 20.