Neco 2017 Economics Question 31
Practice objective / multiple choice question 31 from the 2017 Neco Economics examination.
The economy's current real GDP is \(2500\) billion Naira. The government aims to raise GDP by \(8\%\) in the next year. The Keynesian multiplier is \(2.5\). Capital stock equals \(20\%\) of current GDP and depreciates at \(5\%\) per year. Assuming the increase in GDP is achieved solely through investment, calculate the amount of net investment (in billions of Naira) required.
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About This Question
This is Neco 2017 Economics Question 31. It is one of the objective questions from the 2017 Neco Economics examination.
Difficulty level: Hard .
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