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If a country's foreign reserves increased from $300 billion to $350 billion, wha
If a country's foreign reserves increased from $300 billion to $350 billion, what is the absolute increase? (2023)
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Q1
If a country's foreign reserves increased from $300 billion to $350 billion, what is the absolute increase? (2023)
$50 billion
$40 billion
$60 billion
$70 billion
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Absolute Increase = New Reserves - Old Reserves = 350 - 300 = $50 billion.
Questions & Step-by-step Solutions
1 item
Q
Q: If a country's foreign reserves increased from $300 billion to $350 billion, what is the absolute increase? (2023)
Solution:
Absolute Increase = New Reserves - Old Reserves = 350 - 300 = $50 billion.
Steps: 5
Show Steps
Step 1: Identify the old reserves amount, which is $300 billion.
Step 2: Identify the new reserves amount, which is $350 billion.
Step 3: Subtract the old reserves from the new reserves: 350 - 300.
Step 4: Calculate the result of the subtraction, which is $50 billion.
Step 5: The absolute increase in foreign reserves is $50 billion.
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