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Answer the following question based on the information given below.
Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.
HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.
Table 2 shows the population distribution across the globe for the same year.
Table 1:
Table 2:
Based on the given data, answer the subsequent questions.
. Q.
Which country in table 1 has got the highest percentage of VHNWI (but not UHNWI) with respect to its total population? (Assume the total population across globe is 5 .95 billion)
 
  • a)
    Russia
  • b)
    South Africa
  • c)
    Brazil
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Answer the following question based on the information given below.Tab...
Table below shows the number of  HNWI who are not UHNWI and population distribution for each country.
In order to find the country which has the highest required percentage w.r.t. its total population, you do not need to find the actual population of each country (as the percentage figure for each country is given w.r.t the same base).
In other, you need to only take the ratio of the second and third column of the table.
This ratio for each country is:
Brazil = 0.65/4 = 0.1625
Russia = 0.75/7 = 0.107
India = 2.3/17 = 0.135
China = 3.25/21 =0.155
South Africa = 0.65/2 = 0.325
USA = 1.7/9 = 0.188
Thus, South Africa has the highest percentage.
Hence, option 2.
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Answer the following question based on the information given below.Table 1 shows the number of high net worth individuals (HNWI), very high net worth individuals (VHNWI) and ultra high net worth individuals (UHNWI) in six countries for the year 2015. All values are in millions.HNWI have assets worth atleast 1 million US $., VHNWI have assets worth atleast 5 million US $ and UHNWI have assets worth atleast 30 million US $.Table 2 shows the population distribution across the globe for the same year.Table 1:Table 2:Based on the given data, answer the subsequent questions.. Q.Which country in table 1 has got the highest percentage of VHNWI (but not UHNWI) with respect to its total population? (Assume the total population across globe is 5 .95 billion)a)Russiab)South Africac)Brazild)None of theseCorrect answer is option 'B'. Can you explain this answer?
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