Fill in the Blank. Explain Your Reasoning

question 74

Multiple Choice

Fill in the blank. Explain your reasoning.
-If the area of State A is 3% less than the area of State B, then State A's area is ____% of State B's area.

• A)103%; State A has 100% of the area of State B plus another 3%.
• B)97%; State A has 100% of the area of State B minus 3% of the area of State B.
• C)-3%; State A has -3% of the area of State B.
• D)3%; State A has 3% of the area of State B.

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Definitions:

Nominal Exchange Rate

The rate at which one country's currency can be traded for another's, not adjusted for inflation differences between the two countries.

Net Capital Outflow

The difference between the domestic savings and investment in a country, indicating the amount of money flowing out of the country to invest abroad minus the inflow.

Net Exports

The value of a country's total exports minus the value of its total imports; a component of a country's GDP.

Farm Equipment

Machinery and tools used in the farming industry for the purposes of planting, harvesting, and caring for crops.