5
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Topic Test

Question 5 • WWT - Financial Math A

Say a certain manufacturing industry has 63.1 thousand jobs in 2008, but is expected to decline at an average annual rate of 1.7 thousand jobs per year from 2008 to 2018. Assuming this holds true, what will be this industry’s percent change from 2008 to 2018?

Answer
A
70%
B
-27%
C
-17%
D
-75%

Explanation

Over 10 years, the industry is expected to lose 1.7 × 10 = 17 thousand jobs. Its percent change is (−17 ÷ 63.1) × 100 ≈ −27%. Therefore, the correct choice is −27%.

AI-written and checked against the verified answer.

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