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Chapter 6

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01:55

Which of the following sta…

01:18

France is one of the count…

01:35

The chart shows U.S. trade…

01:19

02:47

United States exports incr…

06:29

At the end of 2 years, $P$…

02:27

If $\$ 1.00$ is equivalent…

02:21

The total in billions of d…

03:10

KEY QUESTION Suppose an ec…

01:40

Solve each problem.In …

can't. So this one says If from nineteen ninety six to two thousand percent increase in total exports to your Eastern Europe was the same as a percent increase from nineteen ninety three to nineteen, ninety six percent of exports from the European Union remained the same as in nineteen ninety six to the nearest billion. What was the value in dollars of exports from the European Union to Eastern Europe and two thousand? So there's kind of a lot going on in this question. But ultimately, we know that the present increase from nineteen ninety three to nineteen ninety six he's going to be the same as a percent increase from nineteen ninety six two two thousand. Okay, so let's go ahead and find the percent increase from nineteen nineties three to nineteen ninety six. So we know that our percent change is going to be calculated about the equation with Final Linus initial the initial who put those figures in, you know it's going to be one. Seventy four billion, minus a ninety billion divide by ninety eight billion can sin. If we do that, we should get about point seven seven uh, point seven seven five five roughly so then we know that this per cent increase is gonna be the same as nineteen, ninety six to two thousand. So this time we're going to sort of the same final minus initial over initially equation. But we don't know the final, which is two thousand for the year two thousand, which is exactly what we're trying to solve for Let's go in and said that final as X and we know x minus initial. So now the initial is the value for nineteen ninety six, which was one. Seventy four billion. We're gonna say x minus one seventy four billion over one. Seventy four billion should be equal to the point seven seven five five. So then, in order to solve for this, we can multiply both sides by one. Seventy four to cancel out the one seventy four on the denominator one seventy four, one seventy four. And then we're left with X minus wants of me for is equal to point seven seven five five times one seventy four. In order, Teo, isolate that variable X. We just have to add a one seventy four to both sides. We chef point seven seven five five times one seventy four plus one seventy four. If we do that, we should get a three oh, eight as our ex. So then we have to take that value three Oh eight. And that's gonna be the total for two thousand. But we want to know them out For the Eastern European Union, which basically means that this entire chart should be for two thousand should be three hundred and eighty billion. And the Eastern European values are going to be the same sixty four percent. So we just want to take that three oh, eight. And multiply that by the point six four that we know what percent what amount we could get for the European Union in two thousand. And if we do three Oh, eight billion times point six four that you give us one ninety eight. So we know that B is a correct answer.

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