Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016 - Edexcel - A-Level Business - Question 1 - 2017 - Paper 1
Question 1
Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016. You are advise... show full transcript
Worked Solution & Example Answer:Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016 - Edexcel - A-Level Business - Question 1 - 2017 - Paper 1
Step 1
Market growth from 2015 to 2016
96%
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Answer
The market growth for air passenger numbers from 2015 to 2016 is calculated as follows:
Total passengers in 2015: 3.5 billion Total passengers in 2016: 3.75 billion Difference in number of passengers: 3.75extbillion−3.5extbillion=0.25extbillion
Step 2
Calculate percentage change
99%
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Answer
To find the percentage change, we use the formula:
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Answer
According to Extract A, the percentage growth in air passenger demand in 2015 was 6.7%. Thus, the difference in percentage growth between 2015 and 2016 is calculated as follows:
extDifference=7.14−6.7=0.44%
The answer is accepted to 1 decimal place, so we write it as 0.4%.
