Post Utme Osustech 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

The following table shows the production of maize in Nigeria from 2010 to 2018. Calculate the average annual growth rate of maize production u\sing the compound annual growth rate (CAGR) formula.

Answer Options

Correct Answer A. \( left\( \frac{12.5}{10} \right \ \)^{\frac{1}{8}} - 1 )
B. \( left\( \frac{12.5}{10} \right \ \)^{\frac{1}{9}} - 1 )
C. \( left\( \frac{12.5}{10} \right \ \)^{\frac{1}{10}} - 1 )
D. \( left\( \frac{12.5}{10} \right \ \)^{\frac{1}{11}} - 1 )
Correct Answer
A
Correct Option:
\( left\( \frac{12.5}{10} \right \ \)^{\frac{1}{8}} - 1 )

About This Question

This is Post Utme Osustech 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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