Neco 2018 Economics Question 32
Practice objective / multiple choice question 32 from the 2018 Neco Economics examination.
In 2010 Country X had a per‑capita GDP of N150 000 and a population of 20 million growing at 2.5 % per annum. The government aims for a total GDP of N4.5 trillion by 2025. Assuming per‑capita GDP grows at a constant annual rate \\(r\\) (in percent) while population continues to grow at 2.5 % per year, calculate the required value of \\(r\\) (to two decimal places).
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About This Question
This is Neco 2018 Economics Question 32. It is one of the objective questions from the 2018 Neco Economics examination.
Difficulty level: Hard .
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