Neco 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Neco Economics examination.

Neco 2021 Economics Objective / Multiple Choice Hard Difficulty
Question 1 NECO • 2021 • ECONOMICS • objective

The population of a country was 12 million in 2010. It grew at a compound annual rate of \(2.5\%\) until the end of 2015, after which a new policy reduced the growth rate to \(1.8\%\) per year. In which calendar year will the population first exceed 15 million?

Answer Options

Correct Answer A. 2021
B. 2022
C. 2024
D. 2020
Correct Answer
A
Correct Option:
2021

About This Question

This is Neco 2021 Economics Question 1. It is one of the objective questions from the 2021 Neco Economics examination.

Difficulty level: Hard .

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