If the imports of Company A in 1997 were increased by 40 percent, what – InterviewSolution

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1.	If the imports of Company A in 1997 were increased by 40 percent, what would be the ratio of exports to the increased imports?
Answer» In 1997 for Company A we have: E = 1.75 i.e., E = 1.75I I where E amount of exports, I = amount of imports of Company A in 1997. Now, the required imports I1 = I + 40% of I = 1.4I. Required ratio = E = 1.75I = 1.25. I1 1.4I

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