Directions for Questions 1 to 4: Answer the following questions based on the information given below:
The bar chart below shows the revenue received, in million US Dollars (USD), from subscribers to a particular Internet service. The data covers the period 2003 to 2007 for the United States (US) and Europe. The bar chart also shows the estimate revenues from the subscription to this service for the period 2008 to 2010.
1. While the subscription in Europe has been growing steadily towards that of the US, the growth rate in Europe seems to be declining. Which of the following is closest to the percent change in growth rate of 2007 (over 2006) relative to the growth rate of 2005 (over 2004)?
2. The difference between the estimated subscription in Europe in 2008 and what it would have been if it were computed using the percentage growth rate of 2007 (over 2006), is closest to :
3. In 2003, sixty percent of subscribers in Europe were men. Given that woman subscribers increase at
the rate of 10 percent per annum and men at the rate of 5 percent per annum, what is the approximate
percentage growth of subscribers between 2003 and 2010 in Europe? The subscription prices are volatile and may change each year.
4. Consider the annual percent change in the gap between subscription revenues in the US and Europe. What is the year in which the absolute value of this change is the highest?