Information and IdeasVery hardTwo series with a late reversal
Information and Ideas practice question
Average house price and number of new homes built in a region:
2018: $250,000, 900 homes
2020: $280,000, 700 homes
2022: $340,000, 500 homes
2024: $350,000, 1,200 homes
Which statement is best supported by the data?
- A. Prices rose throughout, while building fell for several years and then jumped in 2024.Correct
- B. Building rose in every period shown.
- C. Prices fell between 2022 and 2024.
- D. Building was at its lowest in 2018.
Answer: A. Prices rose throughout, while building fell for several years and then jumped in 2024.
Prices: 250 → 280 → 340 → 350, rising. Homes: 900 → 700 → 500, then 1,200.
Why the other answers are wrong
- B. Building rose in every period shown.
- Building fell in 2020 and 2022.
- C. Prices fell between 2022 and 2024.
- Prices rose from 340 to 350 thousand.
- D. Building was at its lowest in 2018.
- 2022's 500 homes is the lowest; 2018 had 900.
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