CAT 2000 — DILR Question 24
Answer the following question based on the information given below.
The figures below present annual growth rate, expressed as the % change relative to the previous year, in four sectors of the economy of the Republic of Reposia during the 9 year period from 1990 to 1998. Assume that the index of production for each of the four sectors is set at 100 in 1989. Further, the four sectors manufacturing, mining and quarrying, electricity, and chemicals, respectively, constituted 20%. 15%. 10% and 15% of total industrial production in 1989.
Which is the sector with the highest growth during the period 1989 and 1998?
Answer & solution
Correct answer: Electricity
- A
Manufacturing
- B
Mining and quarrying
Electricity
- D
Chemicals
In the graph of electricity there is no negative growth registered even in a single year and there is a good constant growth in all the years.
Actual calculations will take a very long time.
For theoretical purposes, electricity growth would be [100 (1.08)(1.085)(1.05) ... (1.06)] − 100.
Hence, option (c).
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