Gce Model Questions Vol1 2017 Economics Question 8
Practice objective / multiple choice question 8 from the 2017 Gce Model Questions Vol1 Economics examination.
A country's population follows the logistic model \(P(t)=\frac{K}{1+A e^{-rt}}\) where \(t\) is years after 2000. In 2000 the population was 50 million and in 2010 it was 70 million. If the intrinsic growth rate \(r\) is 0.04 per year, find the carrying capacity \(K\) (in millions, rounded to the nearest million).
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About This Question
This is Gce Model Questions Vol1 2017 Economics Question 8. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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