Question

Now suppose that the United States offers to buy 5 million cars from Japan in exchange for 150 million bushels of wheat. What is the total value of the cars in terms of bushels of wheat?

1) 30 million bushels
2) 50 million bushels
3) 75 million bushels
4) 100 million bushels

Answer 1

The total value of 5 million cars in terms of bushels of wheat, with an exchange of 5 million cars for 150 million bushels of wheat, is 30 million bushels of wheat per car.

Step-by-step explanation:

The student has asked us to determine the total value of 5 million cars in terms of bushels of wheat in an exchange between the United States and Japan. To find the total value, we need to understand the ratio of cars to bushels of wheat. According to the information given, the exchange is for 5 million cars in return for 150 million bushels of wheat. To get the value of one car, we divide the total bushels of wheat by the number of cars. That's 150 million bushels of wheat ÷ 5 million cars, which equals 30 million bushels of wheat per car. Therefore, the total value of the cars in terms of bushels of wheat is 30 million bushels.