Explain Why Average Gas Mileage of New Automobiles in the U.S.is

question 68

Essay

Explain why average gas mileage of new automobiles in the U.S.is now lower than it was in the late 1980s.

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Definitions:

GST and PST

Taxes applied to the sale of goods and services; GST is a federal tax in Canada, while PST is a provincial sales tax.

Sold

The act of exchanging a product or service for money or other consideration.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.