Question

From 1975 to 1987, inflation rate increased in the third world countries approximately by

• A. 10\(\%\)
• B. 20\(\%\)
• C. 30\(\%\)
• D. 35\(\%\)
• A. Developed Nations
• B. UK
• C. USA
• D. Third World
• A. 50\(\%\)
• B. 100\(\%\)
• C. 125\(\%\)
• D. 200\(\%\)
• A. USA had better control on inflation
• B. Developed nations had better control on inflation
• C. The control on inflation rate continues to be the same for the USA and for the developed nations
• D. No conclusion can be drawn

Answer 1

The Correct Option is D

Between 1975 and 1987, the inflation rate in third world countries increased by approximately
\(=\frac{36.2-26.6}{26.6}\times100\approx \frac{9}{27}\times100=35\%\)
The correct option is (D): 35\(\%\)

Answer 2

In 1975, the USA had the lowest inflation rate at \(10.3\%.\)
The correct option is (C): USA

Answer 3

The rise in the inflation rate in third world countries compared to the global inflation rate in 1987
\(=(\frac{36.2-16}{16}\times100)\approx \frac{20}{16}\times100=125\%\)
The correct option is (C): 125\(\%\)

Answer 4

The correct option is (C): The control on inflation rate continues to be the same for the USA and for the developed nations
Explanation: Inflation increases in Developed Nations =\(14.2 − 11.8 = 2.4\)
Inflation increases in USA =\(12.7 − 10.3 = 2.4\)
So, we can see that: control on inflation rate continues to be the same for the USA and for the developed nations