Post Utme Unilag 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

The government of Nigeria has set a target of increa\sing the country's GDP from ₦50 trillion to ₦75 trillion within the next 5 years. If the current GDP growth rate is 5% per annum, what is the required annual growth rate to achieve the target?

Answer Options

A. 7%
B. 8%
Correct Answer C. 9%
D. 10%
Correct Answer
C
Correct Option:
9%

About This Question

This is Post Utme Unilag 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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