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25 Oct 2023, 09:12
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The commodity with the greatest percent decrease over the year from October 2011 to October 2012 showed an increase in three of the four months shown.: True
The commodity that showed a decrease for all four months had the lowest index value in the group for October 2012.: False
The commodity with the median index in the group for September 2012 was also the median for October 2012.: True
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Data Insights (DI) Butler 2023-24 [Question #71, Date: Oct-25-2023] [Click here for Details]
The following table shows the U.S. Import Price Index for selected categories of imported goods in September and October 2012, the percent change from October 2011 to October 2012, and the monthly percent changes from June 2012 to October 2012.
Consider each of the following statements. For each statement, indicate whether the statement is true or false, based on the information provided in the table.
Index | Percent Change Annual | Percent Change: Monthly | ||||||
| Sept. 2012 | Oct. 2012 | Oct. 2011- Oct. 2012 | June 2012- July 2012 | July 2012- Aug. 2012 | Aug. 2012- Sept. 2012 | Sept. 2012- Oct. 2012 | ||
|---|---|---|---|---|---|---|---|---|
| All imports, excluding petroleum | 115.9 | 116.3 | -0.3 | -0.3 | -0.1 | 0.1 | 0.3 | |
| Foods, feeds, and beverages | 171.8 | 172.2 | -0.8 | -1 | -0.6 | 1.7 | 0.2 | |
| Nonagricultural foods (fish, distilled beverages) | 120.2 | 120.6 | -4 | -1.3 | -0.7 | -0.2 | 0.3 | |
| Industrial supplies and materials | 256.7 | 259.8 | -0.1 | -1.9 | 3.7 | 2.8 | 1.2 | |
| Petroleum and petroleum products | 388 | 393 | 1.9 | -2.4 | 6.2 | 4.7 | 1.3 | |
| Crude oil | 396.8 | 402.5 | 3.2 | -3.6 | 6.4 | 4.5 | 1.4 | |
| Natural gas | 77.3 | 81.1 | -20.5 | 12.4 | 5.3 | -0.3 | 4.9 | |
| Paper and paper- base stocks | 112.9 | 112.7 | -3.9 | -0.1 | -0.5 | -0.4 | -0.2 | |
| Selected building materials | 141 | 141.3 | 8.4 | 0.5 | 0.6 | 0.9 | 0.2 | |
| Electric generating equipment | 119.3 | 119.5 | 0.8 | 0.3 | 0 | 0.1 | 0.2 | |
| Automotive vehicles, parts, and engines | 114.8 | 115.2 | 1.8 | 0.1 | 0.1 | 0.2 | 0.3 | |
| Consumer goods, excluding automotives | 107.2 | 107.4 | 0.2 | -0.1 | -0.2 | -0.1 | 0.2 | |
| Nonmanufactured consumer goods | 115.5 | 115.6 | 0.4 | -0.8 | -2.5 | 0.1 | 0.1 | |
Question #2 based on the same table is available here
| True | False | |
| The commodity with the greatest percent decrease over the year from October 2011 to October 2012 showed an increase in three of the four months shown. | ||
| The commodity that showed a decrease for all four months had the lowest index value in the group for October 2012. | ||
| The commodity with the median index in the group for September 2012 was also the median for October 2012. |
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Official Answer
The commodity with the greatest percent decrease over the year from October 2011 to October 2012 showed an increase in three of the four months shown.: True
The commodity that showed a decrease for all four months had the lowest index value in the group for October 2012.: False
The commodity with the median index in the group for September 2012 was also the median for October 2012.: True
02 Mar 2024, 03:49
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Sajjad1994 Could you pls help explain the 2nd Question. Should we consider a commodity which has negative signs in all four months or should we look for a commodity whose numbers have been decreasing in each month ?
02 Mar 2024, 06:11
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Sghodesh
Decrease would mean - sign, so look for negative numbers for all months.
12.4, then 3, then 2 and then 1 would mean there is an increase every month, only the percentage of increase goes down.
