Waec Model Questions Vol1 2021 Government Question 21

Practice objective / multiple choice question 21 from the 2021 Waec Model Questions Vol1 Government examination.

Waec Model Questions Vol1 2021 Government Objective / Multiple Choice Hard Difficulty
Question 21 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • GOVERNMENT • objective

The World Trade Organization (WTO) requires a candidate country to satisfy two conditions before admission: (a) its per‑capita Gross Domestic Product (GDP) must be at least 60 % of the average per‑capita GDP of all current members, and (b) its total annual trade volume must be at least 1.5 % of the total world trade. The WTO currently has 150 member states whose combined GDP is $45 trillion and whose combined population is 5.5 billion, giving a total world trade of $20 trillion. A prospective member, Country A, reports a per‑capita GDP of $5 200 and an annual trade volume of $280 billion. Does Country A meet both admission criteria? State "Yes" if it satisfies both, otherwise state "No" and indicate which condition fails.

Answer Options

A. No (fails condition a)
B. Yes
Correct Answer C. No (fails condition b)
D. No (fails condition a and b)
Correct Answer
C
Correct Option:
No (fails condition b)

About This Question

This is Waec Model Questions Vol1 2021 Government Question 21. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Government examination.

Difficulty level: Hard .

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