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22 Oct 2017, 06:30
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
65% (01:27) correct
35%
(01:25)
wrong
based on 154
sessions
History
Date
Time
Result
Not Attempted Yet
A speaker claims that the NATO countries customarily spend 1/3 of their combined incomes on military expenditures. According to the speaker, the combined incomes of the NATO countries (in billions of dollars) in 1971 was about
(A) 100
(B) 200
(C) 250
(D) 350
(E) 500
22 Oct 2017, 12:09
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In 1971 NATO countries Spent over 100 billion dollars and less than 150 billion dollars on military expenditure.
Since the military expenditure contributes to 1/3rd of their combined income. Therefore the total income would be between 300 billion dollars to 450 billion dollars.
The only option matching this criteria is option D.
Hence the answer is option D.
Since the military expenditure contributes to 1/3rd of their combined income. Therefore the total income would be between 300 billion dollars to 450 billion dollars.
The only option matching this criteria is option D.
Hence the answer is option D.
mj12345
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Schools: McCombs '21 (WD) Haas '21 (D) Duke '21 (D) Darden '21 (S) Kellogg '21 (S) Wharton '21 (D) Tuck '21 (D) Booth '21 ISB '20 (WL)
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22 Oct 2017, 15:03
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From the graph, NATO countries spent about $115B on military. Since this is 1/3 of of their combined income, the income = 3x115 = 345 ~ $350B.
D.
D.
