Neco 2023 Economics Question 12
Practice objective / multiple choice question 12 from the 2023 Neco Economics examination.
In 2020 the nominal GDP of Country X was \(\text{₦}15\) trillion and the GDP deflator was 120. In 2021 nominal GDP rose to \(\text{₦}16.5\) trillion and the deflator increased to 126. Calculate the percentage growth rate of real GDP from 2020 to 2021, giving your answer to one decimal place.
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About This Question
This is Neco 2023 Economics Question 12. It is one of the objective questions from the 2023 Neco Economics examination.
Difficulty level: Easy .
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