Question
Download Solution PDFStudy the given graph and answer the question that follows.
Ratio of imports to exports from two companies over the years.
In how many of the given years were the imports more than the exports of Company N ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ratio of imports to exports from two companies over the years.
Concept used:
If ratio of imports to exports is more than 1 that means the imports are more than exports for that particular year.
Calculation:
For company N,
Year 2005, imports / exports = 1
Year 2006, imports / exports = 1.1
Year 2007, imports / exports = 1.3
Year 2008, imports / exports = 1.1
Year 2009, imports / exports = 1.5
Year 2010, imports / exports = 1
∴ The imports are more than exports for 4 years.
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