Post Utme Lautech 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A country's GDP grows at an annual rate of 5% while its population grows at an annual rate of 2%. If the current GDP is ₦10 trillion, what is the GDP 5 years from now?

Answer Options

Correct Answer A. ₦13.43 trillion
B. ₦12.87 trillion
C. ₦14.21 trillion
D. ₦15.65 trillion
Correct Answer
A
Correct Option:
₦13.43 trillion

About This Question

This is Post Utme Lautech 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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