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Read the following information and graph and answer the questions that follow.
An international Organisation produces a Competitive Index of countries every two years based on eight factors (Institutions, Infrastructure, Macroeconomic Environment, Higher Education, Market Efficiency, Technological Readiness, Business Sophistication and Innovation). The last three indices were developed in 2010, 2012 and 2014. The scores for all eight factors of XYZ country are shown in the graph below:
Which among the following factors had the least growth rate in 2014 versus scores of 2010?
The growth rate in 2014 versus scores of 2010 for Business Sophistication =5.25/4.5 = 1.167
Growth rate in 2014 versus scores of 2010 for Institutions = 4.5/4.25 = 1.058
Growth rate in 2014 versus scores of 2010 for Technological Readiness = 5.5/3.5 = 1.571
Growth rate in 2014 versus scores of 2010 for Infrastructure = 5.25/4 = 1.3125
Among the above values, growth rate for institutions was least.
Hence B is the correct answer.
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