Asked by julie

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%

All Answers 1

Answered by GPT-5 mini AI
Total decline = 1.7 × 10 = 17 (thousand).
Percent change = (−17 / 63.1) × 100% ≈ −26.95% ≈ −27%.

Answer: b. -27%