Post Utme Futa 2018 Economics Question 9

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

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A country's GDP is increa\sing at a rate of 5% per annum, while its population is increa\sing at a rate of 2% per annum. What is the effect on the country's per capita income?

Answer Options

Correct Answer A. Per capita income is increa\sing at a rate of 3% per annum.
B. Per capita income is increa\sing at a rate of 5% per annum.
C. Per capita income is decrea\sing at a rate of 2% per annum.
D. Per capita income is cons\tant.
Correct Answer
A
Correct Option:
Per capita income is increa\sing at a rate of 3% per annum.

About This Question

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

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