Instructions
Answer these questions based on the information provided in the tables.
Question 84
In India’s exports increased by 20% from 1998-1999 to 2002-2003, then find the approximate percentage increase in the exports of the engineering goods from 1998-1999 to 2002-2003
Solution
1998-99
India exports be t
Manufacturing goods = 73.6/100 * t
engineering goods = 12.5/100 * 73.6/100 * t = 920t/10000
2002-03
India exports = 1.2t
Manufacturing goods = 77.4/100 *1.2 t
engineering goods = 16.6/100 * 77.4/100 *1.2 t = 1541.808t/100
% increase = 1541.808-920/920 = 67.5%
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