A country's budget allocation to various sectors of t...
A country's budget allocation to various sectors of the economy is shown in the pie chart.
What is the ratio of expenditure of health to Agriculture?
2:3
3:4
4:3
5:4
Correct answer is B
Total budget =$7,200
Expenditure on Health = x/$7200 × 3600 = 600
3600x = 600 × $7200
x = 600×$7200/3600
x = $1,200
Therefore, the budget allocated to Health is $1,200
Expenditure on Agriculture =x /$7200 × 3600 = 800
3600x = 800 × $7200
x = 800 × $7200/3600
x=$1,600
Therefore, the budget allocated to Agriculture is $1,600
Ratio of expenditure on Health to Agriculture;
Ratio=1200:1600
=3:4
Similar Questions
The monopolist power can be controlled by the government through ...
If Mr Wale took a loan for the purpose of investment, the demand for money is________________? ...
An increase in money income with constant price results in ...
An aspect of taxation that involves normative economics is the ...
The five countries that established the Organization of Petroleum Exporting Countries (OPEC) are ...
Which of the following is NOT a function of the wholesaler in the distributive channel? ...
The law of diminishing marginal utility applies to a ...