Neco 2020 Economics Question 6
Practice objective / multiple choice question 6 from the 2020 Neco Economics examination.
The economy's nominal GDP increased from \(\text{₦}2.5\) trillion to \(\text{₦}3.0\) trillion over a 3‑year period. During the same period the GDP deflator rose from 120 to 138 and the population grew from 50 million to 55 million. Calculate the average annual real per‑capita GDP growth rate (in % to two decimal places).
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About This Question
This is Neco 2020 Economics Question 6. It is one of the objective questions from the 2020 Neco Economics examination.
Difficulty level: Hard .
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