Which of the following commodities shows the highest percentage growth in…
2024
Which of the following commodities shows the highest percentage growth in projected annual household demand from 1990 to 2020?
Answer: C. Meat, Fish and Eggs — ConceptPercentage growth measures the change relative to the starting value, allowing quantities with different initial sizes to be compared fairly. Use:…
- A.
Milk
- B.
Food grains
- C.
Meat, Fish and Eggs
- D.
Sugar
Show answer & explanation
Correct answer: C
Concept
Percentage growth measures the change relative to the starting value, allowing quantities with different initial sizes to be compared fairly.
Use: percentage growth = ((final value - initial value) / initial value) × 100.
Application
Milk: ((287.5 - 48.8) / 48.8) × 100 ≈ 489.14%.
Food grains: ((350.0 - 168.3) / 168.3) × 100 ≈ 107.96%.
Meat, fish and eggs: ((28.3 - 3.0) / 3.0) × 100 ≈ 843.33%.
Sugar: ((23.1 - 9.6) / 9.6) × 100 = 140.63%.
Cross-check
The corresponding growth factors are about 5.89, 2.08, 9.43, and 2.41. The factor 9.43 is the largest.
Result
Therefore, meat, fish and eggs show the highest percentage growth in projected demand.