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MMLU-Pro / 7000 / Suppose an economy possesses presently 60 million automo-biles; and that each…

Problem

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question

Suppose an economy possesses presently 60 million automo-biles; and that each automobile must be replaced every 5 years. Suppose also that the present population of 240 million people grows 2% per year. Calculate on the basis of these data, all other things remaining equal, the expected demand for automobiles for this year.

category

economics

options

  1. 16.5 million automobiles
  2. 11 million automobiles
  3. 12 million automobiles
  4. 10.8 million automobiles
  5. 15 million automobiles
  6. 1.2 million automobiles
  7. 13.8 million automobiles
  8. 13.2 million automobiles
  9. 14.2 million automobiles
  10. 12.5 million automobiles

src

stemez-Economics

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