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If in 2009 an external market force had reduced the year’s advertising revenue from Newspapers by 10% and from the Internet by 20%, then what was the total 2009 advertising revenue?

        A.  None of these

        B.  £9.89 billion

        C.  £11.6 billion

        D.  £10.44 billion

        E.  £14.79 billion

Answer: E

Explanation:

Step 1 – calculate the adjusted Newspaper revenue 6.1 x 90% = 5.49 Step 2 – calculate the adjusted Internet revenue 5.5 x 80% = 4.4 Step 3 – calculate the adjusted total 2009 advertising revenue 5.49 + 4.4 + 3.7 (television) + 1.2 (radio) = 14.79 So the correct answer is (E) £14.79 billion

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Of the regions shown what was the difference between the highest and the lowest trade balance in 2008?

        A.  None of these

        B.  $5,100 million

        C.  $510 million

        D.  $5,400 million

        E.  $5,600 million

Answer: E

Explanation:

Step 1 - Use the graph (i.e. 2008 figures) to calculate the trading balance (exports – imports) for each region Exports – imports ($million) China 30,000 – 22,800 = 7,200 United Kingdom 30,600 – 28,500 = 2,100 Japan 29,400 – 24,500 = 4,900 South America 32,000 – 30,400 = 1,600 Russia 31,300 – 29,500 = 1,800 Step 2 – calculate the difference between the highest and the lowest trading balance 7,200 – 1,600 = $5,600 million So the correct answer is (E) $5,600 million

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If Japan’s exports value increased by 1/5th between 2008 to 2009 then what was Japan’s imports value in 2009?

        A.  Cannot Say

        B.  $29,400 million

        C.  $23,560 million

        D.  $25,560 million

        E.  $29,440 million

Answer: E

Explanation:

Step 1- Use the graph to obtain the 2008 exports value = 29,400 Step 2 – Add 1/5 th to find the 2009 exports value 29,400 x 1.2 = 35,280 Step 3 - Use the table to obtain the 2009 trade balance = 5,840 Japan’s imports value in 2009 = 35,280 – 5,840 = $29,440 million Thus the correct answer is (E) $29,440 million

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Compared to 2009, the UK’s trade balance is expected to increase by 3.5% in 2010 and China’s trading balance is expected to decrease by 4.4%. What is the difference between the 2010 trade balance forecasts for these countries (to the nearest $million)?

        A.  $14,405 million

        B.  $15,000 million

        C.  $16,000 million

        D.  $15,702 million

        E.  $17,000 million

Answer: D

Explanation:

Step 1 – calculate the increase for the UK and the decrease for China UK: 103.5% x 1,825 = 1,888.875 China: 95.6% x 18,400 = 17,590.4 Step 2 – calculate the difference 17,590.4 - 1,888.875 = $15,701.525 (million $) Tip: these numbers are already in million $, so don't be tempted to round the answer to (C) $16,000 million. So the correct answer is (D) $15,702 million

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Which region or regions have experienced a decrease in their trade balance between 2008 and 2009?

        A.  South America, United Kingdom

        B.   United Kingdom, Russia

        C.  South America, Russia

        D.  South America

        E.   Russia

Answer: B

Explanation:

Using the trade balance figures for 2008 from the earlier question, calculate the change in trade balances for each region between 2008 and 2009 China 18,400 – 7,200 = 11,200 increase United Kingdom 1,825 – 2,100 = 275 decrease Japan 5,840 – 4,900 = 940 increase South America 1,950 – 1,600 = 350 increase Russia 1,200 – 1,800 = 600 decrease So the correct answer is (B) United Kingdom, Russia


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