Post Utme Joseph Ayo Babalola University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. GDP per capita increases at a rate of 3% per annum.
B. GDP per capita remains unchanged.
C. GDP per capita decreases at a rate of 2% per annum.
D. GDP per capita increases at a rate of 7% per annum.
Correct Answer
A
Correct Option:
GDP per capita increases at a rate of 3% per annum.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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