Neco 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Neco Economics examination.

Neco 2018 Economics Objective / Multiple Choice Hard Difficulty
Question 25 NECO • 2018 • ECONOMICS • objective

The population of a country was \(150\) million in 2010. From 2010 to 2015 the annual growth rate was \(2.5\%\). From 2015 to 2020 the growth rate fell linearly each year from \(2.5\%\) to \(1.5\%\), and from 2020 onward it remained constant at \(1.5\%\). Estimate the population in 2025 (to one decimal place) and compute the average annual growth rate over the whole 2010‑2025 period (to two decimal places).

Answer Options

A. Population 2025 = 200.5 million; average annual growth = 2.10%
B. Population 2025 = 198.7 million; average annual growth = 2.00%
Correct Answer C. Population 2025 = 202.9 million; average annual growth = 2.03%
D. Population 2025 = 205.3 million; average annual growth = 1.95%
Correct Answer
C
Correct Option:
Population 2025 = 202.9 million; average annual growth = 2.03%

About This Question

This is Neco 2018 Economics Question 25. It is one of the objective questions from the 2018 Neco Economics examination.

Difficulty level: Hard .

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