A report about the decline of Western investment in third world countries included this: "After years of daily flights, several European airlines halted passenger service. Foreign investment fell 250 percent during the 1990s." What is wrong with this statement?

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22-06-2021
Business

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A report about the decline of Western investment in third world countries included this: "After years of daily flights, several European airlines halted passenger service. Foreign investment fell 250 percent during the 1990s." What is wrong with this statement?

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-06-24T04:51:02+02:00

Answer: If foreign investment fell by 100% it would be totally elimiated, so it not possible for it to fall by more than 100%.

Explanation:

Foreign investment occurs when a domestic investor purchases ownership of an asset which is in a foreign country.

Based on the information given, the statement that "Foreign investment fell 250 percent during the 1990s" is incorrect. It should be noted that a fall in foreign investment by 100% imolies that there's no foreign investment as it has been totally elimiated. In this case, falling by 250% isn't possible.

A report about the decline of Western investment in third world countries included this: "After years of daily flights, several European airlines halted passenger service. Foreign investment fell 250 percent during the 1990s." What is wrong with this​ statement?

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A report about the decline of Western investment in third world countries included this: "After years of daily flights, several European airlines halted passenger service. Foreign investment fell 250 percent during the 1990s." What is wrong with this statement?