The line chart given below shows the GDP of two countries L and M in five different years.
J1 = The value of average GDP of countries L and M in year Y1.
J2 = The value of average GDP of countries L and M in year Y4.
What is the value of (J1/12)?
Answer & explanation
Correct answer: option 2
J1 = The value of average GDP of countries L and M in year Y1.
Average GDP of L & M in year Y1 = \(\frac{315 + 205}{2}\)
= \(\frac{520}{2}\) =260
J2 = The value of average GDP of countries L and M in year Y4.
Average GDP of L & M in year Y4 = \(\frac{115 + 105}{2}\)
= \(\frac{220}{2}\) = 110
Now , \(\frac{J1}{J2}\) = \(\frac{260}{110 }\) = 2.36