Instructions

Answer these questions based on the data 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%, 15 % of total industrial production 1989.

Question 28

When was the highest level of production in the manufacturing sector achieved during the nine-year period 1990-98?

Solution

After 1991 each year there is a positive growth rate change for manufacturing sector. Hence highest level of production would be in the year 1998.


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