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If a country's foreign reserves increased from $300 billion to $350 billion, wha

Practice Questions

Q1
If a country's foreign reserves increased from $300 billion to $350 billion, what is the absolute increase? (2023)
  1. $50 billion
  2. $40 billion
  3. $60 billion
  4. $70 billion

Questions & Step-by-Step Solutions

If a country's foreign reserves increased from $300 billion to $350 billion, what is the absolute increase? (2023)
  • 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.
  • Absolute Increase – The difference between the new value and the old value, indicating how much a quantity has grown.
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