Say a certain manufacturing industry has 63.1 thousand jobs in 2008, but is expected to decline at an average annual rate of 1.7 thousand jobs per year from 2008 to 2018. Assuming this holds true, what will be this industry’s percent change from 2008 to 2018? a. 70% b. -27% c. -17% d. -75%
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Lets calculate the number of years.
2018 - 2008 = 10
the duration is 10 years.
Each year it reduces by :
1.7 thousand jobs.
For 10 years :
1.7 × 10 = 17 Thousand jobs.
The percentage change for the 10 years is :
17/63.1 × 100% = 26.9%
Approximately 27 %
The jobs decrease by 27%.
Therefore it is :
- 27%
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Answer:
-27%
Step-by-step explanation:
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