Neco 2021 Economics Question 10
Practice objective / multiple choice question 10 from the 2021 Neco Economics examination.
A town had a population of 120,000 in 2010. From 2010 to 2015 the annual growth rate was constant at 4 %. Beginning in 2015 the growth rate fell by 0.5 percentage points each year (i.e., 3.5 % in 2015‑2016, 3.0 % in 2016‑2017, …). Compute the population at the end of 2020. Then, assuming the same decreasing pattern continues (the rate keeps falling by 0.5 % each year until it reaches 0 % and then stays at 0 %), determine the first calendar year after 2020 in which the population will exceed 166,000. Give the population as a whole number and the year as a four‑digit number.
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About This Question
This is Neco 2021 Economics Question 10. It is one of the objective questions from the 2021 Neco Economics examination.
Difficulty level: Hard .
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