Question

In: Economics

The market for air travel in Austria is primarily composed of a few airlines: Austrian Airlines...

The market for air travel in Austria is primarily composed of a few airlines: Austrian Airlines along with its low-cost competitors Lauda and Wizz Air.

From 2015 to 2019, Austrian Airlines’ share of passengers dropped from 45.6% to 43.2%, respectively. What is the change?

  • A. -2.4 percentage points
  • B. 2.4 percentage points
  • C. -2.4 percent
  • D. 2.4 percent
  • E. None of the above.

Solutions

Expert Solution

Answer- Percentage Points: The difference between the two percentages is termed as Percentage Points. Percentage Point is used to tell the changes in the indicator, in our case Airline's share, with respect to its previous value.

Austrian Airline's share in 2015 = 45.6%

Austrian Airline's share in 2019 = 43.2%

change = 45.6% - 43.2% = 2.4 Percentage Points.

Hence, Option B, 2,4 Percentage points is correct and all other options are incrorrect.

Rahul Sunny answered 2 years ago
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