Neco 2022 Economics Question 30
Practice objective / multiple choice question 30 from the 2022 Neco Economics examination.
A country's population follows the logistic growth model\\n\\[\\nP(t)=\\frac{K}{1+Ae^{-rt}}\\n\\]\\nwhere \(K = 20\) million, the intrinsic growth rate \(r = 0.08\) per year, and \(t\) is the number of years after 2020. At \(t = 0\) the population was 5 million.\n\n(a) Determine the constant \(A\).\n(b) Calculate the year in which the population will reach 15 million. Give the answer as the calendar year.
Answer Options
About This Question
This is Neco 2022 Economics Question 30. It is one of the objective questions from the 2022 Neco Economics examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.