What Percentage of the World's Grain Production Is Used to Make

question 27

Multiple Choice

What percentage of the world's grain production is used to make biofuels such as ethanol for cars?

• A) 31%
• B) 46%
• C) 24%
• D) 20%
• E) 52%

Develop and analyze comparative bar graphs for parallel comparison of different data sets.

Create component bar graphs to display segmented information within the same categories.

Construct and interpret circle graphs for proportional comparison within categories.

Understand and apply the concepts of future value and present value of annuities and investments.

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Definitions:

Inelastic

Describes a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Remittances

Money sent by migrants back to their home countries, often to support family members financially.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific time period.

Elasticity

In economics, elasticity measures how much the quantity demanded or supplied changes in response to a change in price or other factors.