Post Utme Esut 2017 Economics Question 16
Practice objective / multiple choice question 16 from the 2017 Post Utme Esut Economics examination.
A country's economic growth is influenced by its human capital, natural resources, and techno\logical advancements. However, the relationship between these factors is complex and can be described u\sing the following equation: \( Y = f\( H, R, T \ \)). If the country's human capital increases by 10% and its natural resources decrease by 5%, while techno\logical advancements remain cons\tant, what is the expected change in economic growth, assuming the partial derivatives are: \( ∂Y/∂H = 0.8 \), \( ∂Y/∂R = -0.2 \), and \( ∂Y/∂T = 0.3 \)?
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About This Question
This is Post Utme Esut 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.
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