Study the following table and answer the questions. The table below shows the…
2025
Study the following table and answer the questions.
The table below shows the data of imports (in value) and exports (in value) for four firms over five years:
Year | Firm A (Import) | Firm A (Export) | Firm B (Import) | Firm B (Export) | Firm C (Import) | Firm C (Export) | Firm D (Import) | Firm D (Export) |
|---|---|---|---|---|---|---|---|---|
2015 | 200000 | 230000 | 100000 | 110000 | 25000 | 28750 | 25000 | 28750 |
2016 | 140000 | 161000 | 150000 | 165000 | 27500 | 31625 | 27500 | 31900 |
2017 | 210000 | 241500 | 160000 | 176000 | 40000 | 44000 | 30000 | 35100 |
2018 | 185000 | 212750 | 190000 | 209000 | 33300 | 38295 | 40000 | 47200 |
2019 | 170000 | 195500 | 199500 | 221445 | 34000 | 39100 | 34000 | 40460 |
For which firm is the average increase in total exports approximately 10% compared to total imports?
- A.
A
- B.
B
- C.
C
- D.
D
Attempted by 1 students.
Show answer & explanation
Correct answer: B
First, calculate the total imports and exports for each firm by summing the values from 2015 to 2019. Next, determine the percentage increase of exports over imports using the formula: ((Total Exports - Total Imports) / Total Imports) × 100. Finally, compare the calculated percentages: Firm A shows approximately 15%, Firm B shows approximately 10.25%, Firm C shows approximately 13.7%, and Firm D shows approximately 17%. Since the question asks for an increase of approximately 10%, Firm B is the correct match.