Neco 2025 Economics Question 44

Practice objective / multiple choice question 44 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Hard Difficulty
Question 44 NECO • 2025 • ECONOMICS • objective

The population of Country X was \(20\) million in 2020. The annual growth rate was \(2.5\%\) for 2010‑2015 and \(1.8\%\) for 2015‑2020. Assuming the 1.8\% rate continues,\n(a) estimate the population in 2030.\n(b) If the proportion of working‑age (15‑64) persons was 60\% in 2020 and is projected to be 65\% in 2030, calculate the number of working‑age persons in 2030 and the dependency ratio (dependents per 100 working‑age persons).\n(c) Compare the 2020 and 2030 dependency ratios and state whether the change represents an improvement or deterioration.

Answer Options

Correct Answer A. Population 2030 ≈ 23.9 million; Working‑age 2030 ≈ 15.5 million; Dependency ratio ≈ 54 per 100; Improvement (ratio falls from ~67 to ~54).
B. Population 2030 ≈ 24.5 million; Working‑age 2030 ≈ 16.0 million; Dependency ratio ≈ 50 per 100; Improvement (ratio falls from ~70 to ~50).
C. Population 2030 ≈ 22.5 million; Working‑age 2030 ≈ 14.0 million; Dependency ratio ≈ 60 per 100; Deterioration (ratio rises from ~67 to ~60).
D. Population 2030 ≈ 23.0 million; Working‑age 2030 ≈ 15.0 million; Dependency ratio ≈ 58 per 100; Improvement (ratio falls from ~68 to ~58).
Correct Answer
A
Correct Option:
Population 2030 ≈ 23.9 million; Working‑age 2030 ≈ 15.5 million; Dependency ratio ≈ 54 per 100; Improvement (ratio falls from ~67 to ~54).

About This Question

This is Neco 2025 Economics Question 44. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Hard .

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