A Local Elementary School Had an Enrollment of 435 Students

question 32

Multiple Choice

A local elementary school had an enrollment of 435 students last year. This year, the enrollment is 390. What is the rate of increase or decrease rounded to the nearest tenth of a percent?

• A) +11.5
• B) +10.3
• C) -10.3
• D) -11.5

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Definitions:

Wages

Payments made to employees based on the hours worked or the amount of work done, often referred to as compensation for labor services rendered.

Rent

Rent is a periodic payment made by a tenant to a landlord in exchange for the use of land, a building, or other property.

Interest Payments

Payments made to lenders as compensation for borrowing money, typically calculated as a percentage of the loan amount.

Market Failure

A scenario in which the distribution of goods and services through a free market fails to be efficient, frequently resulting in a decrease in net social welfare.