Post Utme Nile University 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP grows at a rate of 5% per annum, while its population grows at a rate of 2.5% per annum. If the current GDP is ₦1.2 trillion, what is the GDP 5 years from now?

Answer Options

A. ₦1.8 trillion
Correct Answer B. ₦2.1 trillion
C. ₦1.5 trillion
D. ₦1.0 trillion
Correct Answer
B
Correct Option:
₦2.1 trillion

About This Question

This is Post Utme Nile University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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