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Logical Reasoning and Inference Test
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Multiple Choice
In 1985 country X earned $I00 million from its steel exports. By 2005 revenue from steel exports doubled and in 2008 it reached an amount of $300 million.
Each of the following explains the increase in revenue except that:
- the quantity of steel exported from country X has increased in the past two decades
- the price of steel per ton has increased substantially
- the cost of raw material for manufacturing steel has suddenly dropped
- the total number of steel producing units in the country has increased
- steel production in the country has remained stable between 1985 and 2008