20
QuizMultiple Choice

Trends in the Marketplace

Question 20 • 26-27 RPA Financial Math - MA2007 IC

Julian is trying to decide on a future career. He has narrowed down his choices to orthodontist, sound engineering technician, police officer, or editor. The following table represents the total employment numbers for 2006 and projected employment numbers for 2016. Orthodontist Sound engineer technician Police officer Editor 2006 9,206 16,125 648,982 122,273 2016 10,214 17,864 719,041 124,135 Which profession is projected to have the greatest percent of increase in the number of jobs from 2006 to 2016?

Answer
A
Orthodontist
B
Sound engineer technician
C
Police officer
D
Editor

Explanation

Find each profession’s percent increase by dividing the increase by its 2006 employment number. Orthodontist jobs increase by 10,214 − 9,206 = 1,008, which is about 1,008 ÷ 9,206 × 100 = 10.95%. This is slightly greater than the increase for sound engineering technicians (about 10.79%), so orthodontist has the greatest projected percent increase.

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