Gce Model Questions Vol1 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2019 Economics Objective / Multiple Choice Hard Difficulty
Question 18 GCE_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

Country X had a population of 20 million in 2010. From 2010 to 2015 the population grew at a constant annual compound rate of 2.5 %. From 2015 onward the annual growth rate fell linearly each year, reaching 1.5 % in 2020, after which it remains constant at 1.5 %. (a) Calculate the population at the end of 2020 (to two decimal places). (b) Compute the average annual compound growth rate over the whole 2010‑2020 period (as a percentage to two decimal places). (c) Assuming the 1.5 % rate continues after 2020, in which calendar year will the population first exceed 30 million? Give the first year.

Answer Options

A. (a) 24.70 million; (b) 2.30 %; (c) 2035
B. (a) 25.10 million; (b) 2.25 %; (c) 2032
C. (a) 24.50 million; (b) 2.15 %; (c) 2034
Correct Answer D. (a) 24.86 million; (b) 2.20 %; (c) 2033
Correct Answer
D
Correct Option:
(a) 24.86 million; (b) 2.20 %; (c) 2033

About This Question

This is Gce Model Questions Vol1 2019 Economics Question 18. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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