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The following graph shows economic data for the financial year 2023:

Figure for JIPMAT 2024 LR question 30 (Data Interpretation)

In 2023, the Middle East and North Africa's percent growth in GDP was approximately what percent greater than Southern Continental Africa's percent growth in GDP?

Solution

✅ Correct Option: 2

We are given:

Middle East & North Africa GDP growth=12.5%\text{Middle East \& North Africa GDP growth} = 12.5\%

Southern Continental Africa GDP growth=3%\text{Southern Continental Africa GDP growth} = 3\%


When a question says "A is what percent greater than B," we use:

Percent greater=Bigger value−Smaller valueSmaller value×100\text{Percent greater} = \dfrac{\text{Bigger value} - \text{Smaller value}}{\text{Smaller value}} \times 100

A common mistake is to just subtract (12.5%−3%=9.5%12.5\% - 3\% = 9.5\%) and stop there. But that only gives the difference in percentage points, not how much greater one is relative to the other.


Find the difference:

12.5−3=9.512.5 - 3 = 9.5


Divide by the value we are comparing to (Southern Continental Africa), and multiply by 100100:

9.53×100=3.16‾×100≈317%\dfrac{9.5}{3} \times 100 = 3.1\overline{6} \times 100 \approx 317\%

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