Post Utme Afe Babalola University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A country's economic growth rate is given by the equation GDP = 100 + 2t, where GDP is the Gross Domestic Product and t is the time period. If the initial GDP is ₦100 billion and the growth rate is 2% per annum, find the GDP after 5 years.

Answer Options

A. ₦120 billion
B. ₦140 billion
Correct Answer C. ₦160 billion
D. ₦180 billion
Correct Answer
C
Correct Option:
₦160 billion

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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