Post Utme Covenant University 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is $100 billion. If the country's population is 50 million and the average GDP per capita is $2,000, what is the country's GDP per capita in terms of the number of people who earn less than $1,500 per year?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Covenant University 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support