Waec Model Questions Vol1 2023 Economics Question 18
Practice objective / multiple choice question 18 from the 2023 Waec Model Questions Vol1 Economics examination.
Country Y had a real GNI per capita of $10 000 in 2020. Its population grows at 2 % per year. The government aims to raise real GNI per capita to $15 000 by 2030 (10 years). If the real GDP growth rate remains at 5 % per year, will the target be met? If not, what real GDP growth rate (to two decimal places) would be required to achieve the target? Assume the population growth rate stays at 2 % per year.
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About This Question
This is Waec Model Questions Vol1 2023 Economics Question 18. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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