Post Utme Rhema University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP grows at a rate of 5% per annum. If the population of the country grows at a rate of 2% per annum, what is the rate of growth of per capita income?

Answer Options

Correct Answer A. 3%
B. 4%
C. 5%
D. 6%
Correct Answer
A
Correct Option:
3%

About This Question

This is Post Utme Rhema University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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