364. Due to trade barriers imposed by foreign countries, Germany faced a 40\% decline in exports. If Germany exported goods worth \$800 million before the tariffs, what was the value of exports after the decline?
Key Concept: Impact of Trade Barriers, Weimar Republic
c) \$480 million
[Solution Description]
A 40\% decline from \$800 million is calculated as:
$\text{Decline} = 40\% \times 800\,000\,000 = 0.40 \times 800\,000\,000 = 320\,000\,000.$
The remaining export value is:
$\text{Post-decline exports} = 800\,000\,000 - 320\,000\,000 = 480\,000\,000.$
So, the exports fell to \$480 million.
Your Answer is correct.
c) \$480 million
[Solution Description]
A 40\% decline from \$800 million is calculated as:
$\text{Decline} = 40\% \times 800\,000\,000 = 0.40 \times 800\,000\,000 = 320\,000\,000.$
The remaining export value is:
$\text{Post-decline exports} = 800\,000\,000 - 320\,000\,000 = 480\,000\,000.$
So, the exports fell to \$480 million.