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25 Oct 2023, 09:12
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The commodities with the three lowest index values in September 2012 all showed percentage decreases from October 2011 to October 2012.: False
The commodity with the greatest percent change from June 2012 to July 2012 also had the greatest percent increase from July 2012 to August 2012.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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Data Insights (DI) Butler 2023-24 [Question #74, Date: Oct-26-2023] [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 #1 based on the same table is available here
| True | False | |
| The commodities with the three lowest index values in September 2012 all showed percentage decreases from October 2011 to October 2012. | ||
| The commodity with the greatest percent change from June 2012 to July 2012 also had the greatest percent increase from July 2012 to August 2012. |
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The commodities with the three lowest index values in September 2012 all showed percentage decreases from October 2011 to October 2012.: False
The commodity with the greatest percent change from June 2012 to July 2012 also had the greatest percent increase from July 2012 to August 2012.: False
03 Oct 2024, 10:45
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1. We are given a table and asked to find which statements are true, and which are false.
2. The commodities with the three lowest index values in September 2012 all showed percentage decreases from October 2011 to October 2012. Consumer goods, excluding automotives is a commodity that has the second lowest index value in September 2012, however, it showed a 0.2 percent annual increase. So, the statement is false.
3. The commodity with the greatest percent change from June 2012 to July 2012 also had the greatest percent increase from July 2012 to August 2012. Natural gas had the greatest percent change from June to July, however, crude oil had the greatest percent change from July to August. So, the statement is false.
2. The commodities with the three lowest index values in September 2012 all showed percentage decreases from October 2011 to October 2012. Consumer goods, excluding automotives is a commodity that has the second lowest index value in September 2012, however, it showed a 0.2 percent annual increase. So, the statement is false.
3. The commodity with the greatest percent change from June 2012 to July 2012 also had the greatest percent increase from July 2012 to August 2012. Natural gas had the greatest percent change from June to July, however, crude oil had the greatest percent change from July to August. So, the statement is false.
12 Nov 2024, 11:08
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Bismuth83
Hi isnt a growth of 0.2 on 100 account to 98 which is a DECREASE?
Or should we see the positive values as 1.02? which will give 102?
Also what about the negative changes?
what will -1.2 indicate??
100 will change to ??
