Gce Model Questions Vol1 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2017 Economics Objective / Multiple Choice Easy Difficulty
Question 29 GCE_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

In year 0 a country's three sectors produce the following outputs (in billions of dollars): agriculture £80, manufacturing £120 and services £300. Over the next year the sectors grow at the rates 2 % (agriculture), 3 % (manufacturing) and 5 % (services). Compute the overall percentage growth in GDP for the year (to two decimal places).

Answer Options

A. 5.12%
B. 3.85%
Correct Answer C. 4.04\%
D. 4.20%
Correct Answer
C
Correct Option:
4.04\%

About This Question

This is Gce Model Questions Vol1 2017 Economics Question 29. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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