Question

Below is the Export and Import data of a company. Which year has the lowest percentage fall in imports from the previous year?

• A. 2021
• B. 2024
• C. 2023
• D. 2020

Hint:

Always check if the data shows a rise instead of a fall. An increase means fall \(=0%\), which is lower than any positive fall percentage.

Answer 1

The Correct Option is B

Step 1: Obtain import values from the bar graph
2018: 30, 2019: 45, 2020: 40, 2021: 35, 2022: 50, 2023: 45, 2024: 48.

Step 2: Calculate year-over-year decreases
- 2020 vs 2019: decrease = 45 − 40 = 5. Percentage decrease = (5 / 45) × 100 ≈ 11.1%
- 2021 vs 2020: decrease = 40 − 35 = 5. Percentage decrease = (5 / 40) × 100 = 12.5%
- 2023 vs 2022: decrease = 50 − 45 = 5. Percentage decrease = (5 / 50) × 100 = 10%
- 2024 vs 2023: this is an increase (no decrease).

Step 3: Conclusion
Among the actual decreases, the smallest percentage decrease is 10% in 2023. However, since 2024 shows an increase (zero decrease), the year with the smallest effective decrease is 2024.

Answer: 2024