Post Utme Mountain Top University 2021 Economics Question 40
Practice objective / multiple choice question 40 from the 2021 Post Utme Mountain Top University Economics examination.
A country's economic growth rate is given by the following equation: g = 2 + 0.5Y - 0.1N, where g is the growth rate, Y is the GDP, and N is the net foreign income. If the country's GDP (Y) is $1000 and net foreign income (N) is $50, what is the country's economic growth rate (g) in terms of %?
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This is Post Utme Mountain Top University 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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