Construct a Pie Chart Representing the Given Data Set

question 129

Essay

Construct a pie chart representing the given data set.
-The graph below shows the average cost of renting a studio in one city in each of the years 2002 through 2006.
By what percentage does the average price increase from 2002 to 2003? Obtain a second version of the graph by
sliding a piece of paper over the bottom of the graph so that the bars start at 300. In this new graph, by what
percentage does the price appear to increase from 2002 to 2003? Is the second graph misleading?

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Definitions:

Deficit

The financial situation in which expenditures exceed revenues over a specified period, leading to borrowing or depletion of funds.

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a given period.

Goods

Physical items that satisfy human wants or needs, which can be transferred from one person to another and include both consumer and capital goods.