GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
If health care expenditures accounted for 11 percent
[#permalink]
18 Dec 2020, 10:48
18 Dec 2020, 10:48
Expert Reply
00:00
Question Stats:
61% (01:03) correct
38% (00:45) wrong based on 13 sessions
Hide Show timer Statistics
If health care expenditures accounted for 11 percent of the gross domestic product in 1989, then the gross domestic product was approximately how many billion dollars?
(A) 605
(B) 5, 000
(C) 5, 500
(D) 6, 050
(E) 6, 500
Kudos for the right answer and explanation
Re: If health care expenditures accounted for 11 percent
[#permalink]
18 Dec 2020, 20:27
18 Dec 2020, 20:27
1
Total health care expenditures is given = $550 million, which is 11% of the GDP
Now to get 100 % GDP
\frac{550 x 100}{11}
= $5000 mn
Now to get 100 % GDP
\frac{550 x 100}{11}
= $5000 mn
gmatclubot
Re: If health care expenditures accounted for 11 percent [#permalink]
18 Dec 2020, 20:27
Moderators:
