Post Utme Mountain Top University 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is increa\sing at a rate of 5% per annum, while its population is growing at a rate of 2% per annum. If the current GDP per capita is ₦250,000, what is the expected GDP per capita after 5 years?

Answer Options

Correct Answer A. ₦312,500
B. ₦312,000
C. ₦311,250
D. ₦310,000
Correct Answer
A
Correct Option:
₦312,500

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support