Gce Model Questions Vol1 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2022 Economics Objective / Multiple Choice Hard Difficulty
Question 39 GCE_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

The table below shows Country C's GNI per capita (US$) and annual population‑growth rates. | Year | GNI per capita (US$) | Population‑growth rate (%) | |------|----------------------|----------------------------| | 2015 | 4,500 | 2.0 | | 2016 | 4,620 | 1.9 | | 2017 | 4,750 | 1.8 | | 2018 | 4,880 | 1.7 | | 2019 | 5,020 | 1.6 | The government aims to reach a GNI per capita of 7,000 US$ by 2025. Assuming the per‑capita GNI continues to grow at the average annual rate observed over 2015‑2019, and that population‑growth rates decline linearly by 0.1 % each year after 2019, what average annual growth rate (in % to one decimal place) in **total** GNI is required to meet the 2025 target?

Answer Options

A. 8.0
B. 7.5
C. 6.5
Correct Answer D. 7.0
Correct Answer
D
Correct Option:
7.0

About This Question

This is Gce Model Questions Vol1 2022 Economics Question 39. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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