Use the table below to answer the following questions.
Table 20.4.1

-Refer to Table 20.4.1. In this table, at 2013 prices, the value of production from 2013 to 2014 has increased by

Question

Use the table below to answer the following questions.
Table 20.4.1
 
-Refer to Table 20.4.1. In this table, at 2013 prices, the value of production from 2013 to 2014 has increased by

Quizplus · Accepted Answer

To calculate the percent change in production, we need to use the formula: ((new value-old value)/old value)*100. Using the values in the table, we get:
((120000-77561)/77561)*100 = 54.5%
Therefore, the value of production has increased by 54.5% from 2013 to 2014 at 2013 prices.

Use the Table Below to Answer the Following Questions