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value of imports shown for 2007 was incorrect

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GRE Prep Club Legend
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Joined: 07 Jun 2014
Posts: 4857
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
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Kudos [?]: 1854 [0], given: 397

value of imports shown for 2007 was incorrect [#permalink] New post 10 Jan 2016, 17:35
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Question Stats:

73% (01:39) correct 26% (02:10) wrong based on 19 sessions
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#GREpracticequestion If it were discovered that the value of imports shown.jpg
#GREpracticequestion If it were discovered that the value of imports shown.jpg [ 58.61 KiB | Viewed 538 times ]


If it were discovered that the value of imports shown for 2007 was incorrect and should have been $5 billion instead, then the average (arithmetic mean)value of imports per year for the 10 years shown would have been approximately how much less?

A $200 million
B $50 million
C $20 million
D $7 million
E $5 million



Practice Questions
Question: 7
Page: 163
Difficulty: hard
[Reveal] Spoiler: OA

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1 KUDOS received
GRE Prep Club Legend
GRE Prep Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4857
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 111

Kudos [?]: 1854 [1] , given: 397

Re: value of imports shown for 2007 was incorrect [#permalink] New post 10 Jan 2016, 17:39
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Solution

In 2007 the imports shown in the Graph is $7 Billion. The new corrected value is $5 Billion, hence there is a reduction of $2 Billion. Now over ten years the $2 Billion reduction would amount to $200 Million ($200 Million *10 = $2 Billion).
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