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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
Can someone explain statement III of Question 3? Like how do we get GDP?
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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
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Your question is explained marvelously above by SherpaPrep.

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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
Carcass wrote:
Your question is explained marvelously above by SherpaPrep.

Regards


Thanks. I did read that answer before too but I was not sure how were we assuming the correct %values of Borate, in terms of GDP. The bar graph is not on perfect values like 2 or 3%. But I guess we are just giving our best approximation
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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
For the 2nd question it is asking about the percentage of copper in GDP. Suppose we assume the total GDP to be 100$ , then metal contribute 9$ to it . Now copper is 16% of all the metals , which would come to 1.44$ , or alternatively it contributed to 1.44% of the total GDP ( nowhere close to any answer choice)
Can someone explain where am I flawed in this reasoning ?
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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
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kunalkmr62 wrote:
For the 2nd question it is asking about the percentage of copper in GDP. Suppose we assume the total GDP to be 100$ , then metal contribute 9$ to it . Now copper is 16% of all the metals , which would come to 1.44$ , or alternatively it contributed to 1.44% of the total GDP ( nowhere close to any answer choice)
Can someone explain where am I flawed in this reasoning ?



Hi,

from the GDP graph we know that metals are 9% of the GDP.....

Now the second graph gives us the information of metals in term of % of mining production.
So now we have a term to compare GDP and copper production..

metals which are 50%(12+22+16) of mining production are 9% of GDP..
so 1% of mining production will be \(\frac{9}{50}\)..
16% of mining production, nothing but the copper production, will be \(\frac{16*9}{50}\)=\(\frac{144}{50}=2.88\) ~3

A
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Natural Resource Industries' Output as a Percentage of Gr [#permalink]
Hi, thank you for detailed explanation, can I ask why you could determine that y scale value of fig 1 shows % not normalized value ?
If we think that y scale value in fig 1 as normalized values or values which reflect something of absolute value, answer will be differed and I took wrong option here.


Please never mind, I scaled up the figure and it conceals the explanation sentence.
Now I see " Natural Resource Industries' Output as a Percentage of Gross Domestic Product in Province P" then I understand why we can assume 9 is %.

Sorry for if I caused confusion.
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Re: Natural Resource Industries' Output as a Percentage of Gr [#permalink]
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